Any rule is as good as its enforcement.
The plank rule just exists, not enforced, so nobody observes it.
Same will happen with the high-tech regulation. In fact, it is already happening left and right where it does exist.
We see see two failure modes in the US, and I assume they are universal. On the small scale, enforcers don't enforce, because of resource constraints, and higher up the food chain, the enforcers are the ones breaking the law.