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This is not true. Popa showed in "Orthogonal pairs of ∗-subalgebras in finite von Neumann algebras" (1983), that if $F$ is a free group with arbitrary cardinality than any abelian von Neumann subalgebra of the group von Neumann algebra $LF$ must have separable predual.

Edit: This doesn't even hold when $M$ is abelian since $\ell^\infty(\mathbb R)$ has no faithful state and hence does not embed into any $\sigma$-finite von Neumann algebra.

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This is not true. Popa showed in "Orthogonal pairs of ∗-subalgebras in finite von Neumann algebras" (1983), that if $F$ is a free group with arbitrary cardinality than any abelian von Neumann subalgebra of the group von Neumann algebra $LF$ must have separable predual.