It is indeed late, but technology isn't going to stop advancing. I think government and parliamentary institutions need to develop rules governing the use of that technology going forward.
Someone brought up how complex technology was. That is absolutely true, but I think it becomes a whole lot less complex when we commit to projecting our values in the legislation regulating that technology.
Yes, technology is complex, but our values are well-known. My recommendation is to ensure the legislation that regulates the digital space reflects our values as a society. That would be a great starting point.