Crypto界网 News, the U.S. government has authorized Venezuela to hire advisors for potential debt negotiations, marking a key step on the country's $60 billion defaulted bond restructuring path. The U.S. Department of the Treasury issued a license allowing the Venezuelan government and its entities (including the state oil company) to provide services such as "assessing, developing, or preparing debt restructuring options, proposals, and related supporting materials." The new regulation paves the way for creditors to negotiate with the Maduro government of Venezuela over debts defaulted on since 2017. However, the license does not authorize "restructuring, transfer, or settlement," nor does it authorize direct negotiations between creditors and the government. Following this news, Venezuelan bonds surged, with the 2027 sovereign bonds rising over 1 cent to nearly 54 cents, the highest in nine years.