Ultra-Wideband doesn't create new bandwidth. It just re-uses the existing spectrum in a different way.
And by raising the general background noise it steals bandwidth from all the other users, so everybody is worse off.
Or to put it another way "There ain't no such thing as a free lunch".
https://www.shoretel.com/history-federal-communications-comm...
With spectrum, there's also a real-time use component. People who consume platinum generally don't consume it in a way that in any way resembles communication use. This is related to another key reason governments hold on to the control of spectrum allocation: military interests.
Also, there would need to be regulations on signal quality, since a bad citizen in a shared-spectrum scheme adversely impacts others.