This is true. From CBS News: https://www.cbsnews.com/news/venezuelan-migrants-thousands-legal-status-work-permits-u-s/
"By redesignating Venezuela's TPS program, the U.S. is rendering the record number of Venezuelans who have reached the U.S. over the past two years eligible for the status. An estimated 472,000 additional Venezuelans are expected to qualify for TPS, which has already allowed about 242,000 migrants from that country to obtain the status, according to DHS figures. Venezuelans who reached the U.S. after the end of July will not qualify for TPS."
"Temporary protected status provides individuals already present in the United States with protection from removal when the conditions in their home country prevent their safe return," Homeland Security Secretary Alejandro Mayorkas said in a statement. "That is the situation that Venezuelans who arrived here on or before July 31 of this year find themselves in."
This news source talks about how due to the redesignation of Venezuela's TPS program (Temporary Protected Status) Venezuelans are being able to become American citizens, which supports the claim.