I agree the potential exists, in a hypothetical sense. But the dynamics are very different than you describe (with your analogy to the CA ecosystem, which, ironically, gives big platform owners far more power—yet has no evidence of such abuse!).
Right now, there is just not that much use of WebAuthn and FIDO. You’re the guy saying, “if we find a way to lower global temperatures, we should fear an ice age.” It’s premature to say the least.