US Senators Address Banking Instability and Regulation

Experts warn that the next bank run could be rigged through social media manipulation, similar to the GameStop meme-driven rally. Financial institutions are vulnerable to market manipulation, and may represent a prime target for state and non-state actors conducting malicious information operations. While the government's response to the Silicon Valley Bank collapse shows banks can be hardened against this kind of event, preventing the swell of online panic, whether real or fabricated, is far more complicated. Some members of Congress are using the run on Silicon Valley Bank to revive conversations about the regulation of social media platforms, while others are looking to tech companies themselves for solutions.