For streaming yes, but downloads are still copyright infringement on the part of the downloader. An unauthorized copy is being made on the recipient's machine. It's true that copyright holders rarely pursue cases against individuals, and tend to focus on distributors though.
Have there been any cases since the Meta ruling with the books they torrented? If I understood it right they argued and won that they didn’t seed any of the torrents so is fair use and the judge agreed. That case made it seem like as long as you don’t seed/distribute the copyrighted material then it is legal
Has this line of argument actually held up in court, though?