Policy researchers and advocates have called on legislators to establish a new agency to regulate digital platforms. Senators Elizabeth Warren and Lindsey Graham have proposed a bill to establish one such regulator, as have Senators Michael Bennett and Peter Welch. A digital regulator may be necessary to interpret and implement legislative requirements for digital platforms and to weigh privacy and competition-promoting requirements. Even if a digital agency is practically or politically out of reach, it is still vital to press ahead to legislate competition, privacy, and content moderation standards.