[onemorepassword]

No it doesn't.

It's impossible for ordinary users to distinguish between privacy invading tracking cookies and regular functional site cookies.

Also, this doesn't form "informed consent". Users have no idea what the data is used for, and this is the key to this law.

It's not about "cookies", that is just FUD. It's about being able to opt-in to very specific forms of gathering personal data.

Browser functionality is neither opt-in nor informed.