According to Speedtest the average US speed is 165 down 62 up, or to put it another way it's enough for the average household to stream SIX simultaneous 4K-quality streams while also uploading photos and video chatting with friends.
So I mean I went here https://www.speedtest.net/global-index ... and it is basically average broadband speed... I mean... that excludes pretty much everyone without access to broadband. And doesn't say anything about caps, which, let's face it, reduces your monthly throughput to an instantaneous average well well below average, and approaching dialup speeds. All of these issues... access, caps, average vs. median vs. minimum vs. maximum speeds... are all things that would be handled by regulation.
How is that "pretty awful"?