I think all that regulation will do at this point is help the incumbents who are failing. Protectionism. I don't think they deserve that help. I also don't see any reason to think the current administration would have anything resembling competence around this. And it's worth noting that Greg Brockman is a huge MAGA donor, so it's likely the policies would be very corrupt. (Don't worry, he justified his donations as "apolitical", he just wants to buy the politicians, he doesn't believe in their causes. I hate these people.)

> all that regulation will do at this point is help the incumbents who are failing

This depends on the specific regulation. The datacentre moratoria probably give open-weight models time to catch up by tempering the extent to which the leading companies can turn their capital advantage into market share.