I really dont think that it matters if the data is in Europe. If the company is American then it will not matter. The data must be in Europe AND the company must be also European, this way it can not be forced by the US to do anything.
Do you know if there is a community of devops/admins/devs who are doing the same? I am interested in doing the same thing.
They can be fined if they actually use the data wrongly. However, them admitting is already important. It should be very obvious to anyone that there is not such thing as ‘European enclaves’ in these hyperscalers. Even if they host the data in Europe, unless it is an european company that does not have to comply with the US state, then the data is available to the US government.
I am happy this happened so soon. Hopefully less money is spend for no reason trying to make it seem like data is safe from non-European actors. Money needs to be invested ASAP in european data centers owned by european companies.