I think the fear is, the companies will be hindered from making those innovations if they have to go through a centralized approval process, particularly if tha

I think the fear is, the companies will be hindered from making those innovations if they have to go through a centralized approval process, particularly if that process is slow, bureaucratic, technologically illiterate, resistant to change, etc (to say nothing of regulatory capture). I'm not deadset against this sort of thing, and I think we could do a lot worse than USB-C as the new universal connector (at least for the next decade or so), but given past attempts at regulating tech (cookie banners), I think it's a legitimate concern.