I see very small possibilities that Libra as a project will continue, as soon as Facebook made the announcement all the governments of the world immediately refused to let Facebook have their way and it is easy to understand why, if Facebook were to release its own coin then you will have billions of potential users of cryptocurrencies, even if there were very strict regulations it will be impossible to monitor everyone.
And what it is even worse it will give all of those people access to this market, if Libra went live I will not be surprised if the market cap of bitcoin doubled in less than a month as such it was imperative that governments stopped Libra before it launched.
I agree that it is somehow imperative for the governments to stop Libra at all cost before it is launched. Such project after all is too disruptive of the fiat system that it might really give more than just a tiny dent. And the actions of the governments are not really to protect the people from the project, it is to protect the current system to crumble down. If Facebook and all its partners will continue with the project, there will be more similar massive projects that will follow. And the governments cannot contain all of these.