Oh here is Jamie "Demon".. the same guy who crashed the Bitcoin prices not once but twice, so that his daughter could purchase some BTC at dirt cheap rates. I am glad that now he has started to target other assets after targeting Bitcoin. But he is right this time. Under current political set up, I don't think that Libra will get approved by the governments. This was clear from the senate hearings, in which David Marcus of Facebook represented Libra. For example, the senators wanted Libra to freeze funds if suspicious activity is identified. But Marcus answered like this:
Senator Menendez asked if the Libra Association would freeze the assets if terrorist organizations were identified. Marcus said that Calibra and other custodial wallets that actually hold users’ Libra could do that, and that regulated off-ramps could block them from converting Libra into fiat. But this answer underscores that there may be no way for the Libra Association to stop transfers between terrorists’ non-custodial wallets, especially if local governments where those terrorists operate don’t step in.