I don't think regulation will stop web scraping, not least of which because it can be done from locations outside the jurisdiction of the regulations.

> we have to acknowledge the system is broken

The system is broken. It probably takes, what, 10 seconds or less to use a residential or foreign proxy, 6+ months to internationally track and prosecute a single offender? So like a million times more effort going the regulatory route.

Just as criminal laws don't end all crimes, copyright laws and anti-scraping regulation won't end all scraping. But it will greatly reduce it and limit it to rogue actors. Two examples I can cite here are the laws against email spams and laws against unsolicited marketing calls - they had a definite impact in reducing both (even in India, from where I am, where implementation of laws are often lax).