public function set_key_status( $valid ) {
			$status = tribe_is_truthy( $valid ) ? 'valid' : 'invalid';
			update_option( $this->pue_key_status_option_name, $status );
			update_option( "{$this->pue_key_status_option_name}_timeout", $this->check_period * HOUR_IN_SECONDS );

			// We set a transient in addition to an option for compatibility reasons.
			// @todo remove transient in a major feature release where we release all plugins.
			set_transient( $this->pue_key_status_transient_name, $status, $this->check_period * HOUR_IN_SECONDS );
		}