All the more reason for them to fight this. It's not the case that they must do this now or face legal action. They've probably got months if not years before whatever legislation they were threatened with is introduced, debated, amended, passed, and enacted. Plenty of time for them to fight this, mount legal challenges, lobby, campaign, etc. Instead they surrender immediately and sell out their users. Absolutely pathetic and completely untrustworthy.
I agree with you 100%. But we both know that not everyone acts the same way when put under pressure or if threatened with legal consequences (now or in the future). I know a guy who was called to his local tax office and asked why he hasn't payed his taxes for certain types of services he offered in the past. They had proof of his transactions dating back 2-3 years. They told him he would get fined and maybe incarcerated (depending on the total amount he owes). The dude got so scared that he admitted he did it longer than the period they had proof for. Someone else would have just laughed at the accusations and made up a plausible explanation.