There is a global coordinated effort around digital id, banning end2end encryption, etc. the goal is ending anonymity online. As far as I can tell it's all coordinated through the World Economic Forum's "Global Coalition for Digital Safety" it started in 2021.
https://initiatives.weforum.org/global-coalition-for-digital...
It's not just the US, similar legislation in Australia, UK and the EU.
One thing we can look forward to is platform-side detection of 'illegal' material, so like you organize a protest in a private discord, discord recognizes the illegal act and automatically forwards it to the local police that give you a visit. This is where the road is headed.
What this doesn't mention is the "cost" to the public: the inevitable bailouts after it all comes crashing down again, the massive subsidies that Datacenters get from tax payers, the fresh water they consume, the electricity price hikes for everyone else, the noise, air and water pollution and the massive health impact on the surrounding population of every datacenter. The jobs that it destroys and the innocent people it kills through use of the technology in military targeting and autonomous weapons usage.