Magneto's not the only socially relevant Marvel character. The entire X-Men line right now with the Krakoa era has some of the best superhero stories ever written, and with a voting body that keeps getting younger members every year, who are more open to embracing genre fare with strong sociopolitical messages, anything is possible. Feige is taking his time with the mutants in the MCU because he knows there was a reason they overshadowed Avengers for so long in terms of popularity, so he wants to get them perfectly right unlike Fox.
Also, Wakanda Forever and the Sam Wilson Cap movie still have a chance for BP noms.