The Nobel Institute previously clarified that the prize is an honor bestowed upon an individual and cannot be transferred. The symbolic presentation took place amidst a shift in U.S. policy toward Venezuela, with Trump signaling a willingness to engage with acting President Delcy Rodríguez.

Machado, a prominent figure in the Venezuelan opposition movement for years, met with Trump to discuss the ongoing political situation in Venezuela. Details of their conversation beyond the presentation of the medal were not immediately released.

The U.S. government has maintained sanctions against key Venezuelan officials and entities in an effort to pressure the Maduro regime, which it considered illegitimate following contested elections. However, the recent overtures toward Rodríguez suggest a potential recalibration of U.S. strategy in the region.

The situation in Venezuela remains complex, with various political factions vying for power and the country grappling with a severe economic crisis. The U.S. continues to play a significant role in the unfolding events, and the implications of Trump's evolving stance are yet to be fully determined.