Global regulators are facing a major challenge in addressing the threat of fake news, particularly in the age of AI-enabled fakery. Social media platforms, such as X (formerly Twitter) and Facebook, have come under scrutiny for spreading illegal content and disinformation. The European Commission has raised concerns about graphic imagery taken out of context and manipulated media. The surge of misinformation and propaganda during times of conflict and elections has highlighted the need for effective regulation. However, as AI technologies advance, the “guardrails” to prevent misuse are struggling to keep up. The EU has been at the forefront of regulation, but other countries like the US and China are also considering their own controls. The upcoming US general election is expected to be a significant test for social media platforms in handling deepfake content. In 2024, key elections in various jurisdictions where democracy is under threat or in decline are expected, raising concerns about the impact of AI and disinformation on democratic processes. Regulators are urged to be cautious and proactive in addressing these challenges to safeguard democracies.