Your theory is that legislators mainly write legislation themselves about problems they have personally experienced? Because my understanding is that legislators are just the most visible person on a team, with much of the work being done by staff, who range widely in age. Based, of course, on input from constituents, lobbyists, civil society organizations, and government agencies.

I think it's pretty weird to jump right to "the olds know nothing" when the problem is a niche and relatively new scam. Scammers are always finding new scams. Would I like the lag time between scam creation and scam elimination to be faster? Sure. But I'd guess that legislator age is well down the list of factors causing that.