1) As much as JD Vance and his puppetmaster wishes they were the president, they are not. The tech fascism isn't happening, just regular kind. What you're seeing here with the "deregulation" is just a big fat scoop of plain corruption. Give Herr Führer a nice golden trinket and he deregulates your industry or tariffs your competitors.
2) While they are deregulating heavily, there's absolutely zero sense of "Small Government" going on. You need only look at the oppression of groups like LGBT people. There's no bigger government than controlling which toilets people use or inspecting the genitals of children if they want to participate in sports.
And outside of LGBT rights, just look at the whole situation around Israel. Literal secret police going around arresting people for non-violent protest and simple thoughtcrime.
Privatization and increasing state authority are not mutually exclusive. On the contrary, fascist regimes in the 20th century were very notable for their intense privatization.