This can work where everything is in the open except a private firmware signing key.
It's very different than if I modified the firmware on my hard drive or UEFI on a PC. I might fuck up my stuff but it doesn't affect you. I can fiddle with my hard drive firmware all day but I'm not going to block a 911 call you're trying to make.
Also a company giving out modem firmware is an exception and not a rule. It re-classes the device as a hobbyist/experimental device and if they go traipsing around with it they could potentially face fines (unlikely but possible).
Again it's not about lobbying it's about a limited spectrum and people being stupid/assholes not realizing or caring their pocket radio affects others. You live in a world where shitheads try to make their cars louder on purpose and you can pick up dozens of WAPs because everyone sets the power to the highest number the interface allows.
Cell phones only work because the millions of devices run within strict limits and behave reasonably. There's not a lot of difference between a properly operating radio and a radio jammer. Purism isn't going to find a baseband vendor that's going to risk their licenses by allowing for open source firmware.
As far as I know, there is no licensing whatsoever for baseband makers?
Where did you get that it is?