This issue has been happening to me sporadically since Apple renewed one of the intermediary CAs involved in developer certs. At first I was fixing it by removing and regenerating certificates, it turns out the simplest way to fix the problem is to just reboot, and everything works again. Putting this here as an option for people to try before they start destroying their work environment / needlessly complicating their keychain settings where a reboot may also 'fix' things for you (at least for a couple of weeks at a time if you never shutdown/reboot otherwise).

As per the other commenters above, the principal reason for running macOS in virtualized containers is to bypass the need to dual boot a machine to get access to a beta OS for testing software, which as a workflow is cumbersome and in reality completely impractical when also needing to be joining video conferences and conforming to corporate IT security policies. Please provide us with a solution for logging in to the App Store / other iCloud services from macOS VMs on Apple Silicon.