No, it's simple.

If you get a passport in "annexed" Venezuela, it would be a US passport. It would be a US territory similar to Puerto Rico which is part of the US.

Passport is just an example but a good barometer. This implies in the federation of international states, Venezuala is an "independent" party, put recognized. Puerto Rico then by comparison has no such independence, this is all handled by the Federal government.

It's also fair to say that this is nothing new. US has a long history of messing about with the affairs of central and south american states. Which - fairly - has lead to the US paying the price by said states collapsing and then having the US absorbing tens of millions of individuals claiming asylum