I have a M2 Macbook Air, and also got this weird 'new recovery key' screen in the last two updates.
I meticulously copied the recovery key both times because the screen does not let you save or copy it.
I cannot remember ever having set up a recovery key when I first set up my macbook. There are 2 options when you turn on Filevault: set a recovery key or use iCloud. Maybe I chose the iCloud option which would explain why I don't have a record of a recovery key. I would have written that down, 100%.
Testing both 'new' recovery keys with:
sudo fdesetup validaterecovery
got me 'false' for both, even more confusing, while:
fdesetup status
said filevault is still on.
Not being able to tell what the current situation is, and if I could recover in an emergency, I decided to turn Filevault on and off.
This takes literally seconds, not hours or days, on an M2 mac.
It then gives the 2 options again: recovery key or iCloud. I then chose iCloud because this whole recovery key mess makes me nervous.
My theory now is this: after the macOS update you first get a login screen for iCloud/Apple ID. If you skip that (because you have a complicated password and no way of pasting it), the 'new' recovery keys are made.
If you chose the iCloud option for Filevault before, the recovery keys are unfunctional and turn false when validating. I'm not sure but this fits the best with my situation.
To be tested in a next update: take the effort of using the iCloud login screen, and see if the 'new' recovery keys window then appears.
Another weird thing is that while I skipped the login screen after the update, I was still logged into iCloud.
I hope Apple fixes this mess.