Won't happen. There is nothing illegal about creating a token and a new business model that functions on the blockchain. Utilizing existing laws the US at least, may be able to shut down some exchanges for trading coins that were securities, or they could get some people for fraud, and or money laundering however they cannot legally stop the tsunami of change that will result from utilization of blockchain and tokens. The same way it was inevitable that taxi's would be marginalized by ride share , so will banks, insurance companies, fiat currencies and existing tech behemoths be marginalized by blockchain based networks. It's just a matter of time.
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Just ask John F. Kennedy about that when he tried to create the Silver Certificate.
If you think the Evil Empire is just going to throw up their hands and say "Oh well, it was fun while it lasted", you're in for a rude awakening.