I still believe that the EU and aligned countries would rather have America to agree to much tighter speech controls, digital ID, ToS-based speech codes as apparently US Democrats partly or totally agree to. But if they have workable alternatives they will deal with them from a different position.
Sure, that's what laws are for. Surely we can still point at those laws and question their motives though.
Spanish PM plainly stated a sort of editor framework of responsibility for platforms. This is the same country that strongly advocates for Chat Control within the EU, also looking for a similar under-16 ban on social media.
So the same government is at once looking to deanonimize social media users, revoke their privacy regarding communications, and to enforce moderation standards never seen before. This is, supposedly, a center-left + left coalition mind you.
Same country that blocks a chunk of the internet when a LALIGA football match is on, too. Lawfully of course. All of this is preposterous, making it the law doesn't make that better it makes it far far worse.