"DOJ will no longer prosecute cryptocurrency fraud" is clickbait and not what the Todd Blanche memo says.
They will still go after the Sam Bankman-Frieds:
>Prosecutors shall prioritize cases that hold accountable individuals who (a) cause financial harm to digital asset investors and consumers; and/or (b) use digital assets in furtherance of other criminal conduct...
But seem to be intending to deal with whether it is ok to do things like issue trump token by setting regulations rather than prosecuting companies after the event. Which is not wholly a bad idea.
They will still go after the Sam Bankman-Frieds:
>Prosecutors shall prioritize cases that hold accountable individuals who (a) cause financial harm to digital asset investors and consumers; and/or (b) use digital assets in furtherance of other criminal conduct...
But seem to be intending to deal with whether it is ok to do things like issue trump token by setting regulations rather than prosecuting companies after the event. Which is not wholly a bad idea.
Memo text here: https://archive.ph/Td0Fn