The regulation will have to make that illegal - there are several countries who would block the regulation it if it wasn't. So the situation will be better for

The regulation will have to make that illegal - there are several countries who would block the regulation it if it wasn't. So the situation will be better for us than today - there will be more options providing the ID (and wallets), including highly privacy-preserving tech based on modern encryption techniques. That will make it much harder to be tracked by commercial players and much harder to be tracked legally by governments. For the blackhat / illegal security agencies: you might make it a little harder because the US-compromised companies (FAANG + MS) aren't (always) involved.