https://lists.llvm.org/pipermail/llvm-dev/2020-March/140282....
m68k seems to be mostly a hobbyist interest rather than a commercial interest at this point. The problem is, if the person whose hobby it is gets busy and then either the whole project is getting held up by that backend, or it just gets removed.
At least in case of PPC and System z, IBM has a commercial interest in making LLVM work for them – and the former has some hobbyist/retrocomputing benefits as an unplanned side-effect. (System z, much less so – modern System z is 64-bit, whereas most of the mainframe hobbyist community focus is on the legacy pre-1980s 24-bit architecture.)