I think this goes against Hank's M.O. which, to some degree is ego driven. He wants everybody to know that he caught / brought down Heisenberg. I think Walt is going to make it hard, but Hank can still operate within the law.
Still, if anybody from Walt's circle finds out that he could be arrested by Hank, he could have other threats to deal with. Personally, I think Lydia would put a hit out on Walt and Hank. If either is killed, it offers her some protection against being arrested herself.
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