> it hampers innovation inside the bloc people who might otherwise be concocting their own improved connector.

You know what, I'm absolutely fine with that.

I still remember when every single manufacturer had their own shitty 10-30 pin connector that effectively did the exact same thing: Transfer some current, analog audio, and some USB data. It was absolutely not worth the mutual incompatibility (you'd actually have to always carry your own charger and could not borrow one).

If some amazing new technology comes around that needs more than 240W charging or 80 Gbit/s data transfer to smartphones and can't be retrofitted into the USB-C form factor, let's take the time to change the law.

> if anyone invents a significantly better connector the eu will lag a decade while they clear the red tape

You seem to be misremembering how it actually played out: We didn't end up with the EU stranded on some standard, quite the opposite: The EU effectively forced Apple (the last non-negligible non-USB-C holdout) to switch to USB-C globally.