Facebook’s stablecoin will reportedly launch early next year, and Facebook executives are already busy courting regulators in the various countries where they plan to launch the token. The process could take a while—selling officials on the idea of a single global currency issued by a private company probably won’t be easy.

Meanwhile, this week we take a look at the fracas surrounding another company that has branched out into crypto. The SEC is expected to sue Kik for violating securities laws with its nearly $100 million initial coin offering in 2017, and Kik is now raising money to fight the SEC in court. The case could have enormous implications for the future of crypto in the U.S.