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It's not the best possible scenario but "utterly meaningless" is hyperbole.

Certainly it's better not to have every aspect of a language be centralized. It's already near impossible to distribute Javascript, or even software in many languages, without going through NPM. WebAssembly, thankfully, isn't there yet.

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It surely is meaningless, because whatever your favourite WebAssembly implementation is capable of, ultimately it only matters if it is spec compliant.

A spec, which is under control of those organisations.

What organisations should control a standard if not those that develop implementations?

The point is that WebAssembly isn't something independent of JavaScript masters control as the OP is portraying.

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