Europe is rolling out their digital identity wallets which 100% depend on American owned Google and Apple infrastructure to work. Even though this sounds like a joke its not. This further entrenches Google and Apple in their markets because regulations create monopolies.

Even when regulations are aimed at curbing the control of giants, smaller players usually can't afford them and lose market share. This is actually taught as a competitive strategy in business school. Corporations lobby the government to implement laws that seem to hurt them but in actuality create uneven playing fields where marketshare becomes available due to higher implementation costs.