For a power plant the idea is definitely not to vent the fission fragments to the atmosphere 🙂 …but rather to trap them electromagnetically and extract energy as you reduce their velocity to zero. That’s the part it might have in common with a focus fusion reactor.
After that you have to dispose of the waste, just like any fission reactor. But the problem is easier than for a light-water reactor, because the (relatively short-lived) fission products are separated from the heavy isotopes. I would guess you can also achieve high fuel burnup, which in a LWR is limited because fission products are trapped in the solid fuel. Some of them absorb a lot of neutrons, and some are gases that are bad for fuel integrity.