Java designers practically ignored the standard since they obviously didn't understand it or decided that serious computations will never be important for their target group. A lot of people commenting here don't understand it either. OK, a lot of people don't need it. But those that need such calculations simply can't implement decent numerical calculations in Java.
So the next time somebody claims that "Java is comparably fast to C" remember that it can be true only for some of the algorithms.
If you ignore IEEE 754 for Rust you're creating one more language that will not be "as good as C." And here I don't mean "C as defined by language lawyers" but "C as implemented in the compilers to at least minimally support the use of the underlying hardware for those who need that."
And those who need that are the people who use computers for computations. Don't ignore them. Or at least don't be surprised that they stick to old Fortran and C compilers.