We used to solve this problem by embedding experts in government bodies.

We can't do that any more; the people who support tech regulation are so cartoonishly anti-corporate that any suggestion of embedding somebody who understands tech will be met with accusations of lobbying and a careful review of that person's employment history.

It's obvious to pretty much everybody that regulating banks, railroads or phone companies requires people who have previously worked for banks, railroads and phone companies, and have a good understanding of how such organizations work on the inside. We, generally, don't do that with tech.