Final answer:
The US does have basic privacy laws for online data, such as COPPA, but lacks a comprehensive federal privacy law, unlike the European Union's GDPR.
Step-by-step explanation:
According to the Children's Online Privacy Protection Act (COPPA), the United States does have a set of basic privacy laws for online data protection of minors, making the answer to the question true. For instance, COPPA allows parents to control what information websites can collect about their children. There are also federal laws in place to regulate private companies' storage of personal data. However, compared to the European Union, which has enacted the comprehensive General Data Protection Regulation (GDPR), the United States does not have a single, overarching federal privacy law that covers all citizens' online privacy comprehensively. Instead, in the U.S., there is a patchwork of state and federal regulations, each with its own focus and coverage.