I wonder if Denuvo the company charges more or less depending on how much function protection the developer chooses or if it is a flat rate.
I think the goal should be to fool the checks rather than remove the encryption which would be a nightmare. CPUID can output whatever you want, it just reads MSR's. I'm sure there are possibilities to use kernel drivers to make windows functions also read out whatever you want.
Oh and if you actually do distribute a crack that uses a stolen license file, they’ll ban the heck out of the hardware identified in the license (and probably any user/account/Steam IDs they manage to hoover up), which will no doubt be an annoyance to a cracker.