It is not yet clear how the Committee will proceed from here. Under the arcane rule used to publicly release the memo, it could opt to make the suggested redactions; to override the President's decision and submit the matter to the whole House for a vote, or to simply let the Democrats' memo remain classified and hidden from public view.
The lack of clear resolution on the memo's fate, however temporary, may further delay the Committee's principal task of investigating Russian meddling in the 2016 election.