Also from a security perspective the reference implementation of JPEG-XL isn't great. It's over a hundred kLoC of C++, and given the public support for memory safety by both Google and Mozilla it would be extremely embarrassing if a security vulnerability in libjxl lead to a zero-click zero-day in either Chrome or Firefox.
The timing is probably a sign that Chrome considers the Rust implementation of JPEG-XL to be mature enough (or at least heading in that direction) to start kicking the tires.