To add to that, why can they actually? Why doesn't the EU just start a new .com registry that the rest of the world can actually refer to? I don't have a comple

To add to that, why can they actually? Why doesn't the EU just start a new .com registry that the rest of the world can actually refer to? I don't have a complete understanding of the TLD world but I can imagine it's much like the AS world with BGP. If the rest of world decides that one registry (Verizon's .com registry) isn't the leading authority, but rather the EU's .com registry for example, is. Than what "can" verizon actually do against it? Sure, the internet would break with namesquatting but atleast it's better than paying a ransom.