We can easily make it a crime to collect the data and another crime to share it or store it in a way that allows someone else to copy it, authorized or not.

People always want to overcomplicate everything to benefit 5 super rich people that got rich taking wages from workers and ripping off retail investors. Please stop the pandering. Vote for yourself and your neighbors, don't vote to eliminate privacy so a rich pervert gets to exploit you.

And what would my vote change about the situation?

Local hosting will be a solution, once the hardware becomes affordable.