Washington Post: The reason the government "fears" Libra is that it is not subject to supervision by a single agency.

The Washington Post analysis pointed out that the reason why the global government "fears" Facebook's cryptocurrency Libra is that Libra is not subject to the supervision of any single regulatory agency, nor is it under the jurisdiction of the Federal Reserve Board that regulates banks, and in the United States. And nowhere else, there is no institution that can centrally regulate Libra, a private financial network.