I disagree. The need for regulation in this case stems from a lack of competition.

Regulations are empirical decisions, based on a very limited amount of data, whose implications can be endless. Regulations are a shortcut capable of poisoning the market and competition. Just look at what's been done with energy, automobiles, AI, GDPR, etc. Bureaucrats are not gods; they often make mistakes and don't predict the future. Regulations should be the last resort.

Furthermore, we're talking about a US monopoly here. The goal would be to grab a share of the pie through honest competition, not to enstablish golden collars.

Regulation should facilitate competition, not legitimize the status quo.