Earlier quoted context omitted.
> compliance can hit the small guys relatively harder and entrench the big guys This is almost always the case, actually. Regulation and compliance are taxes on the productivity of an organization. And the "shape" of the tax is mostly flat - the burden is sublinear in the size of the organization, so the relative effects on smaller companies are bigger. And smaller companies already have significantly less available…
OTOH an indie dev probably isn't running some massive server farm with 20 linked microservices that would be hard to replicate.
Again, I'm not saying that it isn't worth regulating, just that you need to design the regulation as carefully as possible. You'd probably agree that the best regulation is that that minimizes burden on companies while maximizing positive effects for consumers, no?