Earlier quoted context omitted.
That seems to be a decision by the commission, not the the high court. These two bodies tend to counter each other a lot, I would expect to have a court ruling in 2 years that cancels this decision.
On this particular subject, it's basically realpolitik. Court: "US law is incompatible with ours" Executive: "Yeah but I'm sure we can all get along ..."
https://noyb.eu/en/23-years-illegal-data-transfers-due-inact...