This is less about freedoms, and more about money, and the philosophical consequences of placating shareholders.
Namely, our current crop of regulators/executive cronies hold the philosophical position that increasing profit margins and increasing private enterprise shareholder value are top priority goals that these "cumbersome" regulations stand in the way of. In their view, increasing profits and shareholder value increases economic activity, which increases the motility of capital, and improves quality of life for the citizens of the nation.
That is however, the rose-colored version of trickle down economics popularized by Reagan in the 80s, right alongside deregulation in general. (It does not work as they pretend it does.) The need to regulate the behavior of private firms to protect the public good is a contradiction for them, despite being objectively true as a real requirement.
The more cynical outlook is that they know it does not work, (as opposed to just being delusional that it will work 'this time!'), are banking on the public being either disenfranchised politically (no true power to stop them), or too ignorant/stupid to know that the party line us recycled 80s bullshit that has plenty of data to show how it does not work and should not be attempted again, and are doing it strictly to enrich themselves at society's expense.
There is the saying though: do not attribute to malice what is adequately explained by incompetence.
Trump's clowncar cabinet has the incompetence thing down pat.
That is why despite Pai being a former Version exec, I favor the incompetence angle. Pai might be a competent sociopath, but trump is not, and trump is the one permitting Pai to do this shit, even encouraging it.
So, again, this is less about freedoms, more about money, and the belief that enabling increased profits will result in increased prosperity.
Do I like what Pai us doing? Fuck no. Is it because the powers in charge want to remove your freedoms? No. It is because the powers in charge believe the 80s econ bullshit.