Venezuela’s Wager to Oust Regime with Parallel Government Ends

Venezuela’s Juan Guaidó, once recognized by more than 60 countries as his country’s rightful president, was stripped of his position on Thursday when the opposition dissolved a U.S.-backed parallel government that had failed to oust strongman Nicolás Maduro.

With Mr. Guaidó out, lawmakers from Venezuela’s battered opposition will create a committee to oversee billions of dollars in assets abroad that had come under the control of the so-called interim government. They will also try to negotiate conditions for free and fair elections in 2024.