What would you have preferred? Of course you'd prefer if the law never existed in the first place, but I don't see having a third party auditor verify compliance is any worse than say, letting the government audit it. We don't think it's "regulatory capture" to let private firms audit companies' books, for instance.
it's regulatory capture if a cartel of ID verification companies are lobbying for specific requirements that lock out upstart competitors.
Same goes for other countries as well. It’s insane.