The fix to this is simple. Do not allow naked options trading.
If you want to sell a call/put option - you must either have the asset (stock) in your account to cover or have a covering option to close the account or cash reserve of current market value at market close. This rule would work for either short or long positions and would prevent the worst of the manipulations practiced by many fund managers.
Which corrupt Congress and/or which corrupt regulatory agency do you propose to enact and enforce this?
Policy discussions in a land of zero public integrity are quaint.
After the kleptocrats have their assets stripped and they are in jail (so they can’t bribe anybody)—that is the time for policy ideas.