Can you go to jail for spoofing?

I'm curious, can someone actually face legal consequences, including jail time, for engaging in the practice of spoofing in the cryptocurrency or financial markets? I've heard rumors about traders being prosecuted for manipulating market data or orders to deceive other participants, but I'm not entirely clear on the specifics of the law and its enforcement in this area. Could you elaborate on the potential legal risks and consequences associated with spoofing, and whether it's a serious offense that could lead to imprisonment?