In the latter case, if you are the EFF, or any other recognized charity (and if you allow a lot of charities that's a lot of people) you can assign a trillion dollars to any domain you like, which is usually cited as a reason to avoid this type of system.
And if the EFF turns bad in the future you can't get a verification badge without supporting bad guys.
This is always true any time you have more than 1 human involved. People can always become corrupt and dishonest, and no technological solution will solve that.
And if the EFF turns bad in the future you can't get a verification badge without supporting bad guys.