The trouble is you can't run much in that environment - not even mmap or sbrk to allocate heap memory. It's basically embedded C without even malloc. In reality WASM is a more practical target because many high level languages can compile to it. Or you end up needing seccomp-bpf and now the burden is on you to provide enough functionality to run something without also providing so much to allow a sandbox escape.
Not to mention sandboxed wasm is similarly restrictive and you need third-party library support to operate in that “embedded” environment. You don’t just get a normal runtime environment for free. Wasm simply gets you memory “bounds checks” but it’s not necessary if the isolate owns the entire process, as in the seccomp model.
It's obvious why they went for WASM instead.
Wasm is no different in this regard. You don’t get libc for free with wasm. The only thing you get with a wasm format is memory bounds checking but again that isn’t necessary in the seccomp model.
Seccomp locks out every system call except for read, write, exit, and sigreturn. That’s why the extra defense afforded by wasm is superfluous here.