You actually gave me a great idea!
Perhaps we can rename it to OpenWasm Foundation (I think that's a great name, your suggestion inspired me). I will discuss with more people to see what name will make more sense to rename it to.
And please let me know if you have other suggestions!
Good luck. I wouldn't mind having multiple organizations. The Bytecode Alliance is great but I would rather people recognize that WebAssembly belongs to the W3C (or everyone via the W3C if you prefer to think of it that way) and not them or the CNCF.
https://en.wikipedia.org/wiki/WebAssembly
I like that OpenJS Foundation is called OpenJS Foundation and not JS Foundation.
That said, the main thing I object to is the trademark.