Anyone I've known worth their salt in networking cares about latency far more than speed. Historically upload speeds on asymmetrical plans were a problem too, but since people have started to work from home, most cable/fiber/wireless internet providers' lowest plans offer upload bandwidth at multiple tens of megabits per second, faster than the ingestion speed of most video hosts, and more than enough for a dozen simultaneous HD video conferences, and their dowstream speeds are enough for dozens simultaneous 4K video streams at the highest resolution streaming services provide.
Incumbent ISPs lying about the benefits of gigabit plans, and lobbying for their requirement, is the equivalent of Intel bragging about 5 GHz speeds in the Netburst vs Athlon days. It ran at a higher clock speed, and that sold processors, but they ran slow, because they responded horribly to branching, and were late to the market on 64-bit an monolithic multi-core architectures.
Outside of rare power users, or someone especially impatient for one-off downloads, Gigabit is ridiculous for a large family or small office, and especially overkill for a small family or individual.
I can't stand the government either, and they'll probably replace that rule with one that's even worse, but it was a bad rule to start with.