The US Senate banking committee wrote a letter to facebook questioning about the nature and legality of it's cryptocurrency project code named Libra.
https://www.banking.senate.gov/imo/media/doc/5.9.19%20Facebook%20Letter.pdfThey essentially asked whether it would enable users to have privacy and would make it harder for the government to monitor every personal and financial moves of people in the US and around the world.
They are just trying to protect us of course since we know the past incidents on Facebook. There's nothing to worry about if Facebook can depend their crypto, this is what we call regulations. I'm sure government of USA are not against this one, they just need an answer for this one. Privacy is important in cryptomarket and facebook should enhance that, but KYC will soon a big deal in the market.