At the moment I see 2 scenarios this could resolve:
- TON can go to court against SEC, just like KIK team and try to battle it out in a long and painful lawsuit;
- They will launch and then pay huge fine($30-50 mill) to SEC just like what EOS had done.

I think they'll probably push for the settlement. Lawsuits against SEC is costly and uncertain business.
Kik messenger team found that out hard way recently, their CEO Ted Livingston announced that they were planning to close down Kik messenger.

Maybe we as loyal users have to find the way to influence SEC to stop bullying TON.