How is it misleading? It is the whole point that you can compile CPython or PHP interpreters to target this as another target platform like x86 or ARM
Put another way, you could make one of those tier charts for WASM tooling, and if rust is in S tier, python is like C or D tier.
It can actually be compiled (or transpiled) into C code [1] with few limitations, so I can't see why not. It still requires libpython but it should be better than porting the whole interpreter to webassembly.