Well, a quick search of Google Scholar turns up at least one citation in which the Freestyle Libre CGM was significantly less accurate in the first day of use than in later days, indicating that it needed more time for proper calibration:
https://www.liebertpub.com/doi/pdfplus/10.1089/dia.2014.0378
I expect that the differences are based on some actual findings, not just "unclear reasons," but you may have to do some research to find out.
The FDA is notoriously cautious, possibly somewhat excessively so, but there is some good reason for that caution; medication and medical devices can have unexpected behavior and side effects and it can take a lot of long term study to find them. One example of the caution working out well is the Thalidomide case, which was approved in many other jurisdictions but not in the US, and which had significant side effects on fetuses.