> even enough to share its data with the company.

How many people do you think have opted into this with informed consent vs clicking through multiple pages of deliberately obfuscated terms?

how is this in any way in opposition to the free market? The information is freely acceesible, the fact that its hard to understand is the problem of the consumer no? The free market solution would be to have some kind of independent organization summarize this information and attempt to distribute it in the hopes people read.

Countries intervening in private industry for national security reasons is a pretty ancient phenomenon. I doubt many people will see it as a fatal compromise of free market principles.