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The EU is only good at hindering progress these days. The tech market here is extremely dry with only ARM and DeepMind being the only non-gaming tech companies that come to mind that are actually relevant, with DeepMind needing the backing outside of the EU to be where it's at today and ARM being bought by NVIDIA.

The way you improve the tech scene is by providing better alternatives. Music piracy was reduced through services like Spotify rather than some business/political people getting sites 'removed'. Elon Musk creates OpenAI with the goal of building safe AGI, the JS creator created Brave for privacy. Good luck trying to start any of these projects here.

Laws that try to moderate only create a chase that goes in circles. They are not a solution.