Americans are just as regulated and with even more egregious regulatory capture (see the American broadband/mobile provider cartel). At least Europeans get a little consumer protection.
I get what you're trying to say, but having just had some meetings on aligning with the latest AI act, as a small startup focusing on adapting open source models for local use, the way it looks now, it seems like we won't have any consumers worth protecting :) (and I'm only half joking. AI act is a joke, and Mistral have been saying this for a while now. We have chinese models launched with permissive licenses, usable everywhere except in the EU. It'd be good comedy if it wouldn't be tragic. ffs! We can't use open source shit!!! It's bananas)
The level of regulation isn't close.