H.R.25, A bill to repeal the income tax

Gesara.news » News » H.R.25, A bill to repeal the income tax

Share via:

News Date: June 24, 2020

H.R.25
A BILL To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled.
Source:https://www.congress.gov

US Rep Calls for Abolishing Income Tax

Rep. Thomas Massie posted on February 24 that the federal income tax was unconstitutional for much of U.S. history and called for its repeal.
Massie: "The federal income tax was unconstitutional for most of our county???s existence.
The founders of this country would have never agreed to it.
We should repeal it."

Tether Eyes $200M Tokenized Gold Treasury

🪙 October 3, 2025: Tether and Antalpha plan to raise $200M for a treasury backed by Tether Gold (XAUT) — the top tokenized gold project ($1.5B cap). The push expands lending, custody & redemption, tying digital assets closer to physical gold.
💰 September 5, 2025: Stablecoin giant Tether is in talks to invest in gold miners! This move highlights their strategy to diversify crypto profits into tangible assets like gold, strengthening the future of digital and commodity-backed finance. ⛏️
🥇 July 8, 2025: Tether, issuer of the world’s largest stablecoin, quietly amassed 80 tons of gold worth $8 billion — stored in a private Swiss vault.
🏔️🔐 Now among the world’s top non-state gold holders, Tether aims to grow this treasure trove even further. 🌍📈
🏆 June 3, 2025: Tether has just introduced XAUt0, an omnichain gold-backed token now available on the TON blockchain. This move boosts interoperability and mobility of digital gold across multiple networks, bringing the stability of precious metals into the Web3 era.🟡🔗
June 18, 2024: Tether has introduced Alloy, a series of gold-collateralized assets.
The first product, AUSDT, is a token that mirrors the U.S. dollar's value but is backed by Tether Gold (XAUT).
This innovative approach, created by Tether's subsidiaries, Moon Gold NA and Moon Gold El Salvador, aims to provide stable, gold-backed digital assets.
CEO Paolo Ardoino highlighted the novelty and potential market impact of this mechanism.
Initially available on the Ethereum blockchain, AUSDT allows XAUT holders to transact in a dollar-like currency, with over 8 million AUSDT issued, supported by more than 140 kg of gold.

SpaceX Developing Military Version Of Starlink Satellites

Elon Musk's SpaceX is expanding its Starlink satellite technology into military applications with a new business line called Starshield.
"While Starlink is designed for consumer and commercial use, Starshield is designed for government use," the company wrote on its website.
SpaceX's ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.
Sources: theepochtimes

Polyus gold miner to switch the currency to rubles

Polyus wins bondholder approval to switch currency for Eurobond payments.
Russia's largest gold miner Polyus has received permission from holders of three Eurobonds to make payments on the debt in Russian roubles or another alternative currency, the company said on Friday.
Sources: reuters.com

WH can take executive action on the stimulus anyway

Congress could agree on the stimulus package deal Friday but Trump floats executive action even if stimulus deal is reached.
White House is finalizing a series of executive orders addressing key coronavirus stimulus priorities if negotiations with Congress fall apart.
"I wouldn't be surprised that, if something gets left off the table, we'd be like "we can take this executive action too and be able to win on it anyway," one official said.
Sources:www.cnet.com, www.axios.com