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Chick fil a Anti Gay Statement: Dan Cathy, CEO Stands Ground on Ken Coleman Show



Chick-fil-a Anti Gay

If you would like to “Eat Mor Chickin” but prefer to keep politics out of your meals – you may have to find a new place to dine.

Earlier this week in a radio interview (Listen Below) on the “Ken Coleman Show“, Dan Cathy, president of Chick-Fil-A stated that he believed “we’re inviting God’s judgment on our nation” when it comes to the discussion in our nation regarding what constitutes marriage.

Chick fil a Anti Gay Statement

“I think we are inviting God’s judgment on our nation when we shake our fist at Him and say ‘we know better than you as to what constitutes a marriage’ and I pray God’s mercy on our generation that has such a prideful, arrogant attitude to think that we have the audacity to define what marriage is about.”

“We are very much supportive of the family – the biblical definition of the family. We are a family-owned business, a family-led business, and we are married to our first wives. We give God thanks for that. We want to do anything we possibly can to strengthen families. We are very much committed to that,” Cathy said.

In taking such a public position, Cathy, and by default, Chick-Fil-A risk potentially offending a large portion of their customers. Same-sex marriage advocates were shocked that the company took such a position. In a response to Cathy, Chad Griffin, president of the Human Rights Campaign which supports same-sex-marriage, said in a statement that Chick-fil-A “has finally come clean” after keeping it’s official position hidden for many years.

Giffin continued, “While they may have been in neutral, kicking this fight into overdrive now allows fair-minded consumers to make up their own minds whether they want to support an openly discriminatory company.”

Online reaction to the comments were quick and heated – many celebrities took to twitter and other social media to denounce the statement and threaten to boycott. Chick-Fil-A’s twitter and Facebook fan pages were inundated with comments ranging from support to downright disgust for the company and it’s stance.

Chick-Fil-A has long been a supporter of Christian and Biblical principles and even goes as far as making sure all stores remained closed on Sundays, operate wihtout debt, and give charity back to their communities. Earlier this year the company invited protest when it was revealed that they made charitable donations in the amount of $2 million to groups that actively advocates against Lesbian, Gay, and Transgender issues.

After the backlash of his comments, Cathy released a statement clarifying his position. In his statement, Cathy said that the culture of Chick-Fil-A is to “treat every person with honor, dignity, and respect – regardless of their belief, race, creed, sexual orientation or gender.”

He also went on to state that it is their intent to “leave the policy debate over same sex marriage to the government and political arena.”

Jim Henson Company And Chick-Fil-A

Dan Cathy, CEO of Chick-fil-A

Dan has served as President and Chief Operating Officer at the $3.5 billion Chick-fil-A since 2001 and has worked for the company for over 40 years. Dan began his career at Chick-fil-A at age 9 as he sang songs for customers and did radio commercials for the chain’s original restaurant. Today, Chick-fil-A is one of the nation’s largest family-owned quick-service restaurant chains. Dan loves impacting the lives of others and says, “Regardless of my title, I actually work in Customer Service — and with more than 1,500 Chick-fil-A restaurants led by more than 60,000 team members, operators and corporate staff, I’ve got a lot of customers to serve!” Chick-fil-A is as much about people as it is about food and rather than lead from his corporate office in Atlanta, Cathy chooses to spend the majority of his time traveling to the chain’s growing family of restaurants and interacting with Chick-fil-A’s committed team of restaurant operators and team members. Dan is a husband, dad, musician, gardener, athlete, biker, pilot, Sunday school teacher and non-profit board member.

Related Stories:

Chick-fil-A Has Record Sales on Appreciation Day After Anti Gay Statements from Dan Cathy
Chick-fil-A Spokesman Dies Of Heart Attack Amid Gay-Marriage Controversy
Chick-fil-A’s Anti-Gay Statements Show Freedom Of Speech Is Not So Free

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  1. mandm

    August 5, 2012 at 10:30 pm

    Around 12 years ago the DesMoines Iowa School Board ran an ad in the local paper and other places looking for ‘Openly Gay Counselors for their Junior and Senior High Schools’. The fallout was the Superintendent and 3 council members were voted out at the next election. They blamed the Christian Right for all the money used against them.
    Could they have ever run an ad for only ‘Straight Councilors’ without lawsuits?

  2. Cara

    August 3, 2012 at 11:02 am

    Shouldn’t Dan Cathy have also just kept his opinions to himself? Otherwise, none of this would’ve started.

    • Jeff

      August 3, 2012 at 1:59 pm

      Then should you not also have keep your opinion to your self? just saying

    • Robert

      August 3, 2012 at 7:41 pm

      If I had stock in “Chik-Fill-A” and lawsuits were lost because the COO of the company made statements on record that made EEOC sexual orientation lawsuits gain merit from his statements and the ending result was reference to his statements that caused the loss of those lawsuits and a drop in my stock value….Yes…shut him up! His father Truet Cathy ran this company for years without hitting these landmines; and Truet is a great Christian man and founder of “Chik-Fill-A”. Sounds like Dan needs some dancing lessons and maybe a course in EEOC law. I had stated this on facebook earlier and was told that my position was without “supposition”. Let me know if it has merit after about a year when the cases that are filed against “Chik-Fill-A” and lost due to reference to statements with employees that were not advanced in their minds due to sexual orientation discrimination.

  3. Carey

    August 2, 2012 at 9:50 am

    I don’t give a ^&*% about who anyone chooses to sleep with. Chick-fil-a is a Christian company. Surprise! They support the ‘biblical’ definition of marriage. It’s the outrage at their unsurprising statement that pisses me off. The ‘hate’ coming off the ‘human rights’ side of this issue is why I went ate Chick-fil-a yesterday. So, Christians are now bigots because they choose to hold with their beliefs? Who’s being bigoted with this silly reaction? He didn’t say, “Burn them all to Hell!”. But that sure seems to be the way the GLBT community (or at least the POLITICAL aspects of that community) are pushing it.

    I’ll tell you what I hate. I hate having people tell me what I should and should not think. Keep your damned opinions to yourself and so will I.

    People cry out that ‘there should be laws against this!’ That’s BS. If you are that insecure with who you are, the problem is yours. Black, white, gay, straight, purple or green, we are all human. Every law that is enacted – favoring one or the otherm it really doesn’t matter! – is only separating us into different categories and only creating more hate, fear and resentment (and probably envy).

    I’ll be eating Chick-fil-a tomorrow too. Kiss away people. And while you are there, grab a sandwich. If you don’t, you’ll be loitering…

    • PositiveTrends

      August 2, 2012 at 11:27 am

      I appreciate your sentiments and generally feel the same exact way. Your statement that to keep “opinions to yourself and I so will I…” is exactly how I have felt over the years. It seems like it’s getting to the point that we can’t “keep our opinions to ourself” any more because the otherside is pushing their agenda to the point of the destruction of our rights to free speech. If we stay quiet much longer we will soon find our selves keeping our opinions to ourself by force. If we don’t speak now, then something that you or I do hold near and dear will soon be out lawed by political correctness too.

    • Chip

      August 2, 2012 at 11:36 pm

      he has every right to express his opinion. Me and millions more like me have every right not to spend our money at his restaurants to support his wealth that he then donates to support discrimination of any group. Frankly, i am glad to know his views. I will never darken his doors again.

    • Jesica

      August 4, 2012 at 10:46 am

      His statement was not the only thing people are standing up to..he openly donated $2 million dollars towards anti-gay activists to make sure gay marriage is not made legal. Marriage is a right it is not a “bibical priviledge” that should be mandated by religion.
      Slavery was ended for the same reason.. it is UNCONSTITUTIONAL. ALL mankind are to be created equal. The constitution was not written by God. Gays are not defined by their sexual preference any more than a straight woman is for wanted to have sex with a man. Gays work, pay taxes and contribute to this country like you do. I guarantee that someone close to you is gay and you have no idea because it doesn’t change that they are a human being and that it doesn’t effect you personally at all!

    • Trevor Cherewka

      August 7, 2012 at 3:18 pm

      Great points Carey. This situation is making it that if you speak what you believe then watch out because someone is going to get you.

      As for political donations, if we knew who gave what and to whom then we would be a scared nation. I thought I was the only one that was like “uh…surprise, they gave money to a Christian group”.

      And as for speaking up, we shouldn’t make people think that being in the closet is better than being who you truly are, whether that be gay or Christian.


  4. Joe

    July 31, 2012 at 3:25 pm

    That’s like saying “I’m not against black people, I’m just against black people having rights.” Then yes, you are against black people.

    Replace “black” with “gay” and that’s exactly what you have here.

    • Charles

      August 1, 2012 at 3:52 pm

      Excuse me but when do you have a choice of what color skin you are? I’m black and I’m am tired of the “gay” community comparing themselves to me.

    • Anonymous

      August 1, 2012 at 8:42 pm

      The bible says in many places that marriage should be between a man and a woman. These people are sinning and disappointing God with their homeosexual lives. This has nothing to do with being black. I support chikfila as they make a stand and let everyone know their beliefs and the Truth from God. Same sex marriage is a sin, and this restaurant is speaking the truth and making people aware that they are sinning. All of those people turning away from chikfila because of what they support are turning away from God and the truth as well.

    • Heidi

      August 2, 2012 at 7:55 am

      Being gay is also not a choice! You are born gay, as you are born black.
      The bible is translated and changed so many times, how can you seriously take that as a basis for rights?! All people are equal and especially America should represent that!
      Heidi – German gay Muslim!

    • B

      August 4, 2012 at 2:51 pm

      Homosexuality is exactly a choice. Testosterone deficiencies leading to more feminine behavior or feelings are equivalent to vitamin D or Vitamin E deficiencies. They make a pill for that. An even stronger contributing factor are environments that people are more and more insisting kids be raised in. Maybe a kid raised by homosexuals or around them wont be a homo, but what do you think percentage raises from the same kid raised around a traditional family. How many little boys do you see on playgrounds chasing other boys, or girls giggling about other girls. Interests didn’t start homosexual. Science has in not proven homosexuality as a genetic condition, and any one saying they have is lying to you. Once again feminine behavior caused by hormone deficiencies is not equivalent to science. If you have a question, unzip and look down, now find someone with the other puzzle piece (hint, two edges dont go together). You are insulting the fight for freedom our black/African American culture had to endure by claiming their racial difference is the same someones choice to have sex with the same sex.

    • stacia

      August 6, 2012 at 1:07 pm

      You are WRONG!! Discrimination against blacks is not the same as discrimination against gays. you can not replace black with gay and get the same thing. Black were slaves, never gays, blacks couldn’t be in the same buildings as whites they had to have their own run down version. Blacks were lynched and beaten raped and burned. Little children who were black where burned. There churches were burned down. Cops would beat a lot of blacks to death. Black girls couldn’t walk alone at night! Also gays never had the Willie lynch theory where they turned black against each other during slavery. Dark against light man against woman, old against young and vice versa so don’t you dear compare gay struggles to blacks. there is no comparison you can’t hide being black there is no in the closet for being black!

  5. Markegtgirl305

    July 30, 2012 at 5:55 pm

    Francie you have not finished quoting scripture pertaining to the evolvement of marriage in biblical times. You can find in Paul’s letters that each man take only one wife.

  6. Bob

    July 29, 2012 at 2:19 am

    I want more chicken!
    Yea Dan Cathy!

  7. If Redeemed Say So

    July 27, 2012 at 2:58 pm

    I thank God for Chick-fil-A taking a stand regarding this issue. I wish more businesses as well as people that share the Christian faith would publicly express their belief.

  8. monkeybc

    July 25, 2012 at 10:39 pm

    Bigot- a person who is utterly intolerant of any differing creed, belief, or opinion. — How is this not the definition of the entire gay agenda? I am not concerned with who you sleep with or who you marry for that matter. Go right ahead, but all this backlash because a man says that he believes in traditional marriage is absolute bigotry. Why must the entire world think as the Gay agenda does or be subject to their wrath?? Where is the room for varying opinions?

    • Markegtgirl305

      July 30, 2012 at 5:52 pm

      According to the definition you present, everyone has been a bigot in some form or fashion if you are utterly intolerant of a belief or opinion.

    • Carey

      August 2, 2012 at 9:58 am

      Markegtgirl305 – you hit it right on the head. Everyone is, one way or the other. If you are so naive to think otherwise, you’re not living in the same world I am. What are your thoughts on Islam? Being gay is a killin’ offense in some islamic countries. How about those drug cartels in Mexico? They’re only trying to make a buck, right? If drugs weren’t illegal, the thugs down there would be smiling and selling nicknacks to the tourists. Anyone who says they are completely free of being ‘utterly intolerant of a belief or opinion’ is a deluded fool. Me – I’m thinking I am utterly intolerant of deluded fools.

  9. Erin Grossheim

    July 25, 2012 at 6:58 pm

    Standing against gay-marriage doesn’t make you anti-gay. I firmly stand behind Cathy’s position. Way to go Chick-fil-a!

    • Chris

      July 25, 2012 at 8:55 pm

      Actually, it does. How can you be against gay rights but not against gays?

    • Julie

      July 26, 2012 at 9:48 am

      Not being for gay rights doesn’t mean you have to hate gays. I believe in the biblical definition of marriage and will stand by it always, but will not condemn any gay person, but love them and pray for them, which as Christians is all we can do, it is not up to us to judge anyone or condemn them for their beliefs. And I don’t believe Mr. Cathy is doing this either. He is stating his beliefs and I’m proud of him.

    • Jim

      July 26, 2012 at 11:00 pm

      Julie – I’m curious. What is the bible’s definition of marriage? Please don’t paraphrase, God’s word as it was presented would be best.

      Thanks in advance

    • Francie

      July 28, 2012 at 11:30 am

      Julie, the patriarchs of the Bible had multiple wives & concubines. For example, King David had 10 wives (See 2 Samuel 3:2-5, but this list is missing two wives – the first one, Michal, and the last one, Bathsheba. Their names in order are: Michal , Ahinoam, Abigail, Maacah, Haggith, Abital, Eglah, and Bathsheba.)

      Marriage has ALREADY been re-defined from Biblical times. Jesus was remarkably silent on this topic. Just saying…

      I also wonder about Mr. Cathy’s statement about (the people in their organization) still married to their first wives. REALLY? I know this isn’t true.

    • cory

      July 28, 2012 at 6:02 pm

      Genesis 2:22-24

    • Heidi

      August 2, 2012 at 7:58 am

      Of course it makes you anti-gay! Who are you to judge people?
      How does gay marriage affect you in any way? Maybe it should also be forbidden again for women and black to vote?
      D*** … so sick of retarded thinking

  10. S Gordon

    July 25, 2012 at 4:28 pm

    Bigot- a person who is utterly intolerant of any differing creed, belief, or opinion. Would that not define your position?

    • Br.ent

      July 29, 2012 at 6:37 am

      You have to either be a bigot or a spineless person who will not have an opinion for fear of offending someone. Syaing it is wrong to stand up for an anti-gay stance is no different than having the opposing opinion. I have not heard any toleration from the pro-gay side of this argument either but at least people holding the anti-gay stance are not attacking everyone and anyone with the opposing opinion.

    • Joe

      July 31, 2012 at 3:29 pm

      “But at least people holding the anti-gay stance are not attacking everyone and anyone with the opposing opinion.”

      The National Organization of Marriage has announced boycotts of Starbucks and General Mills for their support for gay marriage.

      One Million Moms, a group supported by the American Family Association (also supported by Dan Cathy’s WinShape foundation), announced a boycott of Amazon over their founder Jeff Bezos’ support for gay marriage in Washington State. They have also had boycotts against JCPenney over their support.

      The AFA have also for year had a boycott against Home Depot for their support of gay rights.

      Shall I go on?

  11. Jessica Caudill

    July 25, 2012 at 12:25 pm

    And Bigot of the Month goes to…..this guy. Wow.

  12. Frankie Bumgarner

    July 25, 2012 at 8:58 am

    Thanks for standing up for the family unit.

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Netflix Investing In Originals Amidst Second-Quarter Loss

Netflix originals are starting to pay off for the streaming giant despite the subscriber loss in the past quarter.



Photo by on Unsplash

Netflix reported a tremendous loss in its subscriber growth based on the latest second-quarter report of the year, which price increase, the brewing streaming wars, and lulling content all contributed to the streaming company’s plummet. However, Netflix can’t do anything about the first two problems; hence, it’s putting more money in its original content instead.

According to the quarterly report, Netflix lost 130,000 subscribers from the United States—a first for the streaming platform since 2011. Furthermore, only 2.7 million paying customers globally were added in the second quarter, which is not a small number but falls way behind the projected 5 million users.

Netflix stocks dropped by more than 10 percent before the market closed on the day the report came out—equating to around a $17 billion loss from its market value, analysts say.

Notably, the subscriber count loss can mainly be attributed to the price increase the streaming giant implement — an increase from $1 to $2 — which was announced at the start of the year that went into effect a few months after.

The platform is also looking at an imminently decreasing range of content that it can offer to its loyal subscribers, as the streaming wars begin to bleed Netflix dry and consequently, its subscribers in the process.

Specifically, the streaming giant is facing a large problem in its home country due to the looming oversaturation of streaming sites that will soon be available for all US citizens.

WarnerMedia, Disney, and Apple are all launching their own streaming services within the next few years, and they’re bringing their original content with them and taking them out of Netflix.

In recent reports, Netflix will soon be losing several heavily watched licensed series including fan favorites, and most watch TV series Friends and The Office to competitors WarnerMedia and NBC Universal respectively.

In perspective, Disney+ will be involving Hulu and ESPN in its list of available services on top of successful production houses such as Disney, Star Wars, and Marvel for the general price of only $6.99 a month. Netflix’s basic plan is currently at $9.

Meanwhile, WarnerMedia is also launching HBO Max that will certainly feature pop culture icons such as Game of Thrones.

If more than anything, both products could easily persuade US customers in subscribing to their service and away from Netflix.

As of the moment, Netflix has over 60 million paying subscribers in the United States, and the company is confident that it can get that number climb up to 90 million.

However, with the streaming wars looming, Netflix is not taking any chances and are already looking at solutions. Primarily, the streaming giant is looking to get more original content on its platform.

Now, there are permanent studio sets that have been purchased for Netflix to produce films and TV shows faster. It is also putting lots of money behind US shows and movies, signing hundred-million-dollar deals with high-profile showrunners like Shonda Rhimes and Ryan Murphy.

Based on recent reports, the effort is paying off as Netflix continues to break records with its original movies and TV shows. One, in particular, was the recently released Murder Mystery movie that featured the tandem reunion of Adam Sandler and Jennifer Anniston. According to Netflix, who seldom releases viewership statistics, it grossed over 73 million views from household accounts worldwide — more than Netflix’s entire US base.

Stranger Things 3, a Netflix original series that launched in Q3, attracted 26.4 million unique viewers in the first four days of its release in the United States. It was “the most-watched Netflix original series [that] we’ve ever analyzed,” according to Nielsen data.

There’s also more in store this quarter with one of its biggest shows, Orange Is the New Black returns for its final season with Season 7. Variety said that the all-women prison drama series have at least accumulated a massive 105 million users that have watched an episode of the show.

Related: Netflix Originals Is Going Asian

Netflix is also looking to expanding its demographic outside the US and into other markets like Asia and Europe. Thus, it plans to continue ramping production of more original content to cater to these new customers.

Three shows in particular: How to Sell Drugs Online (Germany), The Rain (Denmark), and Quicksand (Sweden) have all found big audiences outside of their native region.

Theodore Anthony Sarandos Jr., the chief content officer for Netflix, said that each show has garnered around 12 to 15 million global viewers and that “they’ve been deeply relevant in the home country, and travel the region very, very well.”

In its letter to shareholders on Wednesday, Netflix said that while its US paid memberships were “essentially flat,” the company expects it to “return to more typical growth” in the third quarter. It expects to add another 7 million subscribers in Q3.

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2.2 Million More Patient-Victims Of AMCA Data Breach Came Forward

Clinical Pathology Laboratories blamed AMCA for not providing them enough information back in June.



Photo: Thirteen Of Clubs Follow | Flickr | CC BY-SA 2.0

A month after the medical collection portal owned by the American Medical Collection Agency (AMCA) fell victim to a data breach that has affected more than 20 million of their users from different blood testing laboratories and medical institutions around the country, a new AMCA partner lab came forward and said that their clients were also affected by the data breach.

According to Clinical Pathology Laboratories (CPL), 2.2 million clients may have had their names, addresses, phone numbers, dates of birth, dates of service, balance information, and treatment provider information stolen from the previously reported data breach involving AMCA.

Last month, data were stolen from users of the AMCA payment portal that was used to pay for laboratory fees by more than 20 million victims. These data include their names, phone numbers, dates of birth, home addresses, social security numbers, credit card numbers, and other bank details.

The list of impacted testing laboratories includes Quest Diagnostics (11.9 million patients), LabCorp (7.7 million patients), BioReference Laboratories (Opko Health subsidiary, 422,600 patients), Carecentrix (500,000 patients), and Sunrise Laboratories (undisclosed number of patients).

This time, Clinical Pathology Laboratories (CPL) says that an additional 2.2 million victims of the data breach come from their client list, and another 34,500 patients had their credit card or banking information compromised.

The company blamed the late announcement from CPL to AMCA for not providing them with enough information regarding the breach when it was first disclosed in June.

“At the time of AMCA’s initial notification, AMCA did not provide CPL with enough information for CPL to identify potentially affected patients or confirm the nature of patient information potentially involved in the incident, and CPL’s investigation is on-going,” said the company in a statement.

As of today, it is still unclear whether AMCA nor its partner companies have reached out to their clients to personally notify them about the data breach. Back in June, AMCA first disclosed that only 200,000 clients had their data compromised. However, reports from its partners have confirmed that the victim tally reaches 20 million.

AMCA and partners were slapped with lawsuits

AMCA, Quest, and LabCorp in June were slapped with at least 19 lawsuits concerning the data leak. More than 19 class-suite actions have been filed against the three companies for their involvement in the breach and their inability to fulfill the promise of protecting their clients’ sensitive information.

According to one of the lawyers in one of the lawsuits hurdled against the involved companies, healthcare providers are one of the most susceptible entities, but they have lackluster data protection systems.

“Healthcare companies are especially susceptible to data breaches not only because they aggregate a tremendous amount of important and sensitive data, but also because they tend to be less focused on cybersecurity protection than other industries,” said John Yanchunis of Morgan and Morgan, one of the firms who filed lawsuits against Quest Diagnostics.

Yanchunis said that these companies “know [that] they are at an increased risk and yet have not taken the proper steps to protect their patients’ data.”

AMCA filed for bankruptcy

Amid the data breach that centers the American Medical Collection Agency, the company has filed for bankruptcy and laid off more than 70% of its workforce, as cost in mitigating the impacts of the leak has to lead the company to lose a massive amount of money.

According to the company, the data breach “resulted in enormous expenses that were beyond the ability of the Debtor to bear.”

“Almost immediately upon learning of the breach, LabCorp unqualifiedly and indefinitely terminated its relationship with the Debtor,” the filing reads.

“Soon after, Quest Diagnostics, Conduent, Inc., and CareCentrix, Inc. which together with LabCorp were the Debtor’s four largest clients, stopped sending new work to the Debtor, and all terminated or substantially curtailed their business relationships with the Debtor.”

Cybersecurity experts have estimated that the company most likely to spend at least $400,000 for cyber forensics alone. Add to that the cost of IT support, severe restrictions that were put in place to protect AMCA’s network from further intrusion, looming court cases, and the loss of valuable business partners; it is most likely that the company was driven to the abyss of bankruptcy by the data breach.

Of course, to cut cost, AMCA has also laid off employees and only retained those who are significant in the legal battles it faces, including the lawsuits and its request for bankruptcy. AMCA’s current employee count is down from 113 to 25, which practically cut of 78% of its human resources. Fuchs has asked the court to consider a motion which will ensure the firm’s remaining staff will be paid during the process.

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Treasury Chief Says Crypto Is A “National Security Risk”



Secretary of the Treasury Steven Mnuchin | 7/25/17 (Official White House Photo by Ricky Harris)

A new jab was thrown against Bitcoin and cryptocurrencies from the US government after statements from the U.S. Treasury Secretary branded the industry as a “national security threat.”

Facebook’s announcement of Libra has brought crypto and blockchain technology in the center stage, as governments around the world have heightened their scrutiny on the alternative financial system that the industry is offering.

Government executives and high ranking officials have raised concerns on the volatility of the technology, and how it is being used by malicious actors to facilitate illegal transactions such as money laundering and illegal drugs.

Now, US Treasury Secretary Steven Mnuchin chimed in the conversation and echoed earlier apprehensions versus Bitcoin and cryptocurrencies. The Secretary warns that Bitcoin, as well as, Facebook’s plans for Libra, pose a “national security issue” for the United States.

“This is indeed a national security issue,” Mnuchin told reporters at a press conference yesterday. “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs, and human trafficking,” adding that Facebook’s Libra “could be misused by money launderers and terrorist financiers.”

Mnuchin echoed other politicians stance on Facebook’s Libra venture and said that he was “not comfortable” by the idea of it.

Trump vs. Crypto

In a series of tweets on last week, the POTUS said that he is not a “fan” of cryptocurrencies, asserted that America has only one currency, criticized bitcoin, as well as told Facebook that they need a banking charter if they want to launch their newly announced crypto-based money called Libra.

Trump said cryptocurrencies are not money, and “Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity.”

“If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations,” said the president.

Related: Trump Vs. Crypto: Dollar Is The Only Currency Of The USA

According to the President, the dollar is the only currency in America, and Libra, among other cryptocurrencies, are not “real money.”

“We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!” Trump said in a tweet.

Trump’s anti-crypto stand was agreed upon by Mnuchin saying that “the president does have concerns as it relates to bitcoin and cryptocurrencies—those are legitimate concerns that we have been working on for a long period of time.”

Democrats vs. Crypto

Joining Trump’s army against cryptocurrencies and Facebook’s Libra plans are Democrats from the Senate who recently circulated a draft proposal that bans big tech companies from issuing digital money.

The bill, which was bluntly named as “Keep Big Tech Out Of Finance Act,” circulates among Democrats majority that leads the U.S. House Financial Services Committee, proves that the US government is not joking about its position against Libra and other similar ventures in the future.

Read More: Democrats Move To Ban Big Techs From Issuing Digital Money

According to the proposed bill, no tech company should be allowed to issue any form of financial services. “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as a medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” reads a copy of the bill obtained by Z6Mag.

Furthermore, while the bill does not specify any company, it clearly refers to Facebook, and it’s planned blockchain-based currency, Libra. The “large platform utility” is defined as a technology company with “[an] annual global revenue of $25,000,000,000 or more” and one that is “predominately engaged in the business of offering to the public an online marketplace, an exchange, or a platform for connecting third parties.” This definition seems to be crafted to include Facebook rather than exclude other companies.

It is also worth noting that the proposed legislation also prohibits “large platform utilities” from affiliation with “persons who are a financial institution.” This further includes Facebook’s proactive workaround against possible future laws that may prohibit them from owning Libra.

Nonetheless, the bill is still in its earliest phase yet, and many could happen to move forward. For it to become a law, it still has to withstand the possible opposition by Republicans in both the House and the Senate.

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