we at www.weber-packaging.de have the same problem.
The GDPR (§ DSGVO, in German) wants us to show a much more detailed user experience regarding the cookie banner. I think the Squarespace team will provide a solution as soon as a lot of clients like us circle members do need, want and ask for that.
A letter from an association before us says:
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Notes on cookie banners
Berlin, 01 November 2019
What has happened?
§15 Abs. 3 Telemediengesetz (TMG) provides for an "opt-out regulation" for cookies. Accordingly, cookies may first be set, but must be able to be deactivated by the user. Once the DSGVO became effective, there was controversy as to whether this paragraph could still be applied.
The Federal Government was of the opinion that the cookie information obligations under the Telemedia Act had already been implemented in conformity with EU law. The DSGVO, however, stands above laws and legal systems of the member states under Union and national law. In questions of interpretation or contradictions, the DSGVO applies logically.
The supervisory authorities, as well as the European Court of Justice in its ruling of 1 October 2019, therefore make it clear that the TMG does not apply here and that the setting of cookies requires express consent.
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Then there are following some recommendations ...