"Court cases and a new draft law from the European Commission are chipping away at the controversial industry. What comes next may look very different."

This is what happens when technology meets archaic legislation. They try to shoehorn everything into existing legislation; which is like smashing a round peg into a square hole. The only way this works out with greatest benefit to all stakeholders is a web3 ownership model. Will that happen? Yes in the long run, but the status quo and corporate capture will have to be resisted.