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Phone verification isn't necessarily a silver bullet - there are players in the world that don't necessarily have phones or dedicated phone plans who'd be locked out, which isn't something they'd appreciate. If you allow virtual phone numbers/prepaid plans (which many folks also have) it becomes fairly easy to circumvent. You can look at Overwatch 2 trying this recently and there being significant blowback from the existing playerbase.
Disclaimer: Certainly not saying we would never do anything like this, just highlighting that there are drawbacks and challenges to work through that might not be apparent to everyone depending on their personal circumstances.
Personally I'm pretty confident that there's a ton of other things we can do to both hit the motivations for folks hopping on newer accounts, make them harder to get or keep, as well as better detect negative behaviors. We just have to like, do those things since I know talk is cheap!