Private platforms owned by billionaires =/= Free speech
Protecting children from these cesspools is a matter of sanitary measures. I would even go further and just kill Meta, Twitter, Tiktok and the likes just for being major platforms for espionage, disinformation, and democratic destabilization, particularly used by hostile foreign powers.
I already answered your second paragraph: Jellyfin holds no sensible data.
And there is no central server gathering data from all users, an hacker would need to find and break in multiple Jellyfin instances, to get useless data from 1 to maybe 10 users each time.
And Plex is not easier to install and secure than Jellyfin.
My Jellyfin is behind a Crowdsec + Cloudflare proxy with geoblocking and other protections + Reverse Proxy with additional protections, in a rootless Docker container with no access to the Docker socket, and has only access to a mounted folder which contains just downloaded movies and shows. The effort to break in is high, the reward very low.
But the most important difference between Jellyfin and Plex is that neither Jellyfin devs nor Jellyfin instances have any personal or credit card information from their users, and therefore are way less a problem if hacked into.
Which laws? There are none written yet.