Do a WHOIS the next time you come across a phishing website or receive an SMS with an odd link. And then disappoint yourself with the complete lack of care when trying to report it to Namecheap's support.
Their CTO or whoever considers this form of enabling crime to be 'free speech' or suggesting registrars shouldn't 'police' or something equally as stupid when it was raised on HN a few times.
Blocking actual exploitative malware is a legal obligation, not "censorship." If they had a TOS that says "do whatever you want" then sure, but in this case they're just violating their TOS too.
[0] https://news.ycombinator.com/item?id=30504812
[1] https://twitter.com/Namecheap/status/1489485337885921284
[2] https://twitter.com/Namecheap/status/1489504958596714499
Refusing to police does not mean "they go out of their way to protect blackhats", it means they sell domains and know their place.
Knowingly taking money from criminals, likely stolen, is almost certainly a criminal offence.
Don't assume what I want them to do. They have been spoonfed the information and their Eastern European support staff/legal department doesn't care. Then their C-levels come on here and claim nonsense about free speech when quizzed about it.