If anything, it's more choice. You can choose to stay in the garden, or you can exit it and use other stores, sideload apps etc.
Consumer interests are satisfied. I don't see how being able to use another browser engine or app store would be detrimental. Indeed, if you think so, you're free to keep using Safari and the App Store. Also, how can those regulations increase fraud and decrease privacy? If all it takes for iOS to become not secure, it must mean it wasn't very secure in the first place.