There are clear procedures for dealing with the immediate risk that have been known to the software industry for a long time. Don't let the companies use hypothetical risks as a smokescreen to hide their negligence.
At the same time, the technology is advancing in capabilities exponentially, and is beginning to exhibit long-predicted failure modes of RL that are nevertheless quite different than “insecure sandbox” or other that the software industry is used to.
The current crisis which OP claims is “fabricated” comes from the fact that the technology is advancing faster than anyone anticipated, the Hugging Face incident provides a clear example everyone can point to, and the labs have realized they cannot self-regulate because of a collective action problem.
There are a lot of levels of catastrophic damage that can happen between now and “long term hypothetical risks” like human extinction. When will it be worth regulation for you?