As it is not Bitcoin, it is a shitcoin. Its owned by some corporate entities which get all the fees and they can censor you. If they have that possibility, they will use it when the Feds ask them to. Maybe not now but in a couple of years when Liquid infrastructure is built. 

To me it is just unfathomable why BTC Maxis simp for Liquid. It is the most anti bitcoin thing i can think of.