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The amount of tracking is already at insane levels, none of this is being done with good intentions.

We must get rid off cookie banners permanently and a browser level “do not track” must be enforced.

Nothing can be gained by meeting in the middle with these intrusive ad companies.

Wouldnt't a court ruling that elevates a DNT headers as legally binding expression of intent make cookie banners obsolete?

Yes it absolutely would and this is exactly what this proposed legislation would have done.