It won't have an impact on crypto currency because it is going to be a stable coin 1:1 to USD.

The real question is, will regulators allow Libra again with this new set up or will they stop it again just like the first time? Libra or Facebook has already attracted the brunt of regulatory commission that personally I think that it will be block again, no matter what changes they will do. Regulatory body doesn't want to give Mark too much power to disrupt the financial world, simply as that.