The capture of Venezuelan President Nicolás Maduro by US forces on January 3, 2026, marked the kinetic climax of a “Full-spectrum Dominance” strategy. However, the removal of the head of state has exposed a more resilient adversary: a sovereign “Shadow Ledger” built on cryptocurrency. This report analyzes Venezuela’s transition to a crypto state, detailing the alleged $60 billion Bitcoin reserve that remains outside US reach. It further contextualizes this within a broader “Axis of Evasion”—including Russia and North Korea—that is weaponizing digital finance to fragment US dollar hegemony.
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