You are free to pretend you know better than SME's all over the union, their chambers of commerce, actual CUSTOMERS dealing with this, but evidently business has already ground to a halt anyway.

This is exactly what I mean by regulation believers. Here you have all the evidence you need that the harm is done, yet you believe it's still about some philosophical debate whether the regulation even works that way.

No, the evidence is that some people are overly paranoid and the rest would like to clear up the wording to bypass the paranoia. The same thing happened with GDPR.