Europe has its own version of this nonsense (GDPR cookie banners), but that stems from a different misguided belief. Europe believes that banners can affect markets. The US believes that banners can affect the law. Both are wrong.
What are 'GDPR cookie banners' [possessive, as in GDPR mandates them? And, what is the 'a different misguided belief...that can affect markets'?
The misguided belief is that this is going to stop people from clicking on "accept".