Item modifier cannot remove `custom_name`

Item Modifier: no_custom_name.json

{
    "function": "set_components",
    "components": {
        "!minecraft:custom_name": {}
    }
}

Using this item modifier, it is not possible to remove a custom name from an item.

1. Try give yourself an item with a custom name:

/give @p stick[custom_name='"Custom"']

2. Try to delete the custom name

/item modify entity @s weapon.mainhand test:no_custom_name

3. No error, it succeeds. But the name remains.

(relates to: MC-128225, perhaps?)