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Looks like this might be a thing now!
(lemmy.world)
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I am more interested in the enforcement scenario where a US business just completely ignores the fines, lawsuits, etc.
"sue them and seize assets."
How are they going to enforce that on a US company if what they did wasn't illegal in the US and the act in question was done in the US?
The EU can work with US enforcement agencies, that is something that they have the power to do, as well as vice versa
Just because you are in the states it does not mean you can hide from regulations, though I am not a lawyer and this is not legal advice (obviously)
It's a two way street, and it makes sense. EU have to comply with US regulations if they are serving US citizens like any other country