A big negative incentive is law enforcement.

Otherwise you could make the same argument for literally every single other kind of crime. Someone does you wrong? Well there's a big incentive to straight up take their kneecaps. But you know, the law and whatnot seriously disincentivizes that kind of behavior.

> This law is unworkable and not sure if there's anything benefit in the end...

So surely you must be mad that JP Morgan got fined for this right? Supportive of Mr Dimon?

Good for them getting one over on ol' Joe Sixpack, right?

[edit] > as in crypto anyone who spoofs can have their bluff called anytime

Not at all, the overwhelming majority of crypto trading happens on centralized, trusted, opaque exchanges. Off-chain.