Yes. "May" (or "could"). This is the needed modification of your initial statement:
"In the event he acquired his U.S. Passport by fraudulent misrepresentations, it can be revoked and his U.S. citizenship would become invalidated, regardless of claims about naturalized versus natural born citizenship."
"May" (it's possible) versus "would" (the one follows automatically from the other).
Maybe you just weren't being careful the first time, but the distinction is significant.
If you are an illegal Mexican immigrant, you may be deported. Millions of Mexican illegal aliens have not been deported, and millions of Mexican illegal aliens have been granted amnesty and U.S. citizenship in blanket naturalizations by Congress. That fact still does not change the reality that they were not U.S. citizens before the amnesty and blanket naturalizations. The problem is our government has been so utterly corrupt for so very long the legitimate U.S. citizens no longer distinguish between lawful and unlawful conduct or between right and wrong, and then they wonder why the nation is in the trouble it is today.