The Speed of your connection Pan is based not just on the server but the mechanics. the Fastest Speed in the US (for the record Hong Kong ranks #1 in internet speeds the US is #31.)
is... Drum Roll Please... Minneapolis, Minnesota @ 10 Gigabit per second. to do that US Internet a Minneapolis based company has to wire your house with Fiber optic cable as opposed to the traditional Copper used by the Phone and Cable companies.
Fiber Optic wiring services are expanding most phone and cable services have partial fiber optic but they always have copper lines especially in your walls and once the data hits that the speeds drop.
The problem is not lack of regulation it's lack of initiative. Cable and Phone get sweet heart Contracts that lock out competition and ensure that only Comcast (Xfinity) can wire you up or AT&T or Verizon or Charter or Cox... ecta.. ecta...
the fastest speeds though aren't being offered by the cables and phone companies they are the up and comers examples US Internet being top of the class but hitting you for $399 a month for 10 Gigbits or $65 per month for a very respectable gigabit per second. ( for the record Xfinity from Comcast is offering me as a package in my area 105 Mbps for $90 a month that's right for $25 Dollars more I can get a connection that is 10 times slower then a that offered to the good people of Minneapolis) Or Google fiber... that's right Google Who offers 1 gigabit service in Provo Ut, Austin TX, Kansas City and is working on wiring Atlanta, Nashville, Charlotte and Raleigh-Durham as well as 5 more cities down the line. Centurylink with service in Columbia/Jefferson City, MO, Denver, CO, Las Vegas, NV, Minneapolis/St. Paul, MN, Omaha, NE, Orlando, FL, Portland, OR, Salt Lake City, UT and Seattle, WA. Chattanooga, TN gets it's 1 Gigabit speeds from a municipally owned power company EPB who partnered with a bunch of local business owners to tell Comcast where to stuff there slow speeds,and there my friend is the Dirty little secret.
"Perhaps you should switch to another cable company… oh, that's right, we're the only one in town."
and this FCC rule wont change that.