That this warrants 10 pages of "government intervention is bad" "no it isn't" is amazing.
It's very simple, a lack of standardization causes trouble. Usually, industries settle on a standard themselves pretty quickly, but sometimes they don't, or they settle on an inadequate one. So sometimes this has to be regulated.
There's no point in going on about "uninformed bureaucrats" or whatever. Here in Europe, whenever something is regulated, it's in consultation with the industry experts. That's how healthy governance works.
Regulations aren't set in stone forever either. When the technology they're regulating changes, the regulations get updated to reflect the new situation. Very often regulations are written in terms of minimum standards that have to be met, not maximums. So if the EU mandates USB-C that only means connector type and basic pinout, perhaps the protocol for negotiating power delivery, and leaves the door open for supersets of the basic functionality.
I quite like government regulations. They stop people selling me a car where the kilometers the speedo measures are shorter or longer than anyone else's kilometers. I can buy a bike dynamo with complete confidence that at 15 kmh it's making half an amp at six volts, and equally confident that any lights I buy will match. If I want to go buy a loaf of bread, I'm safe in the knowledge that putting sawdust in the flour is forbidden. Particularly with food, letting the free market self-regulate results in a lot of poisoned people for a very long time before that self-regulation kicks in.
Good governance is excellent.