Worth remembering that hate crimes reported double in the UK over the past 5 years
www.theguardian.com/society/2019/oct/15/hate-crimes-double-england-wales
with Stonewall claiming that LGBT+ crimes are significantly under reported.
Trouble is after Harry shining a light, what is "reported" hate crime, which are really "hate" and which are really "crimes". Stonewall helped write the guidance, Stonewall wants to see reporting increased. Stonewall is a lobbying organisation.
In a diverse society we cannot tolerate hate. However reporting potentially trivial incidents, eg Harry liking a tweet, will be counterproductive. Less police time for real crimes and real victims, and a failure to focus on unacceptable, often dangerous, racial, religious and sexual harassment.
It may also lead to a belief that you need to handle transgender people with kid gloves. For example, say, being very very careful during an interview process, whist at the same time doing your best to find concrete reasons why you don't offer someone a job. Too many trivial reports from TRAs could mean transgender people generally are perceived as "snowflakes" with people not wanting to expose themselves to someone they fear might be over sensitive.
Like crying wolf too often, a call for help won't be listened to if used too often.