I haven't kept up with this Gamestop trading stuff so I really can't with any degree of knowledge comment on what's been going on. But it seems to me that this whole scenario resolved around this:

It's legal for hedge funds to try and destroy a particular stock (legal shorting and naked shorting combined) held by many retail investors but when the retail investors turn the tables on the hedge fund it now becomes illegal.

This has been going on for entirely too long. Transparency is a must. The reporting requirements in this day and age with computers the turn around time for reporting should be greatly reduced. If the Federal Reserve can clear a deposited check within a day or two why cannot these hedge funds, etc. report within three days and on a monthly or weekly basis?