The memo did not say “no longer targeting fraud”- it said that it was no longer targeting individuals and exchanges for regulatory missteps. The theme of the memo is “we’re not going to use mountains of regulations written for non-crypto regulation to go after crypto exchanges”, which is in line with a general regulatory themes of the Trump administration to avoid “lawfare” type activities and reduce regulatory burdens.
In fact, the memo specifically said (according to the article, near the end) that the government would focus their efforts on fraud against crypto investors.
Now you might or might not agree with these goals, and you might or might not support the Trump administration, and you might or might not like Trump, but the article headline was at odds with the article content and with the DoJ memo.