Regulation can be replaced by the stroke of a pen.
And decades of lobbying and lawsuits. A costly and time consuming prospect which hasn’t happened in the United States.
You are right though, it is technically possible even though we haven’t seen it happen.
We can put Ross, “the world’s first artificially intelligent attorney” on the job to sort out the regulatory issues.
Before anyone laments losing employment to automation, keep in mind what’s desired is wealth, and that a job is the journey, not the destination. How could you apply a tireless digital assistant in a creative fashion to generate income? ;-)