Perhaps they won't need to do the alts individually and instead, just create gateways. Interoperability has always been one of the value points and this would allow for all chains to be able to generate value, and transfer it anywhere on the world, across any network.
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I'm thinking from a tax perspective. Governments could still get silly and consider alts to be assets, for CGT purposes. It would get messy and dumb, but 'messy and dumb' is their home turf.
Yes, I assume this is what they will do too. The problem being, the more they screw up, how many people will keep supporting it, instead of finding ways around it?