I have found in the recent past that SPAM text messages have contained links to domains registered with NameCheap. When I complained to NameCheap, I was told to take it up with the telecom company.
It seems there are always people seeking to exploit gaps in the system and when attempts are made to close those gaps, cries of “excessive regulation!” can be heard from those same groups.
There is a synergy here between the spammers and NameCheap. Both are profiting from the exploit and you and I are paying the price.
I have no answer, I don’t know the inner workings well enough to propose one. I can only hope that someone more clever that I can find one.