I don't expect that will be good enough for the RIAA. There are enough similarities to being a radio station or paid streaming service that RIAA would still want to strip the flesh from the bones.
In Sweden as an example, it's OK to share with a small group of friends[1].
[1] https://translate.google.com/translate?sl=auto&tl=en&u=https...
I do think that federated services will finaly set media free. But I also expect that copyright holders will try their best to kill a few servers that are big enough to catch their attention.
Arr matey