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Chat Control 2.0: EU governments set to approve the end of private messaging and secure encryption
(www.patrick-breyer.de)
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It can't be enforced outside of their borders. And it's barely enforceable inside of them. Matrix chat will probably get more popular. Proton, and other private email services, will still exist. This seems like people who don't understand tech trying to regulate it.
ETA: if you think this is enforceable, look at how common piracy still is despite it being illegal in most places. VPNs, onion routing, alternative DNS, etc.
The only effect a law like this would have on me is me using the stuff more and probably contributing it to it.
There's many corporations with offices in the EU that would face fines.
Obviously that doesn't mean people wouldn't be able to use e2ee services without backdoors, but this law would still result in degraded privacy for millions of people.