Only public companies are required to respect GAAP, and they choose to do so because they want access to a regulated market.

Is a building on Pluto subject to the same building codes? If my server spontaneously combusts, should I warn those with IPs near mine that theirs may catch fire?

You have no obligation to visit my web service, enter data into it, or interact with it. It takes up no space, and you have no "passing" interactions with it.

The contention is that others should not be allowed to use my web service, unless it provides you certain features.

I'm believe we should support privacy on the web, but this is not the way to do it.