> The .com TLD is American, and is therefore subject too American legal proceedings

This is not an "American" proceeding so much as a Texan one, and it's not clear that the State of Texas should have any jurisdiction over the .com TLD.

As much as I agree, I think Texas is within their rights to ask Verisign to perform a massively overbroad action.

Verisign is likely to respond depending on how good they think the relationship is between Texan lawmakers and the current Whitehouse administration.

See Article IV, Section I of the Constitution of the United States of America. What a pesky document!