Seriously i think the days of banning crypto are behind us, with this new development of PayPal providing crypto service to it's customers starting with USA customers, i want to believe the negative perception about crpto in general is reducing otherwise while will a company like PayPal decide to support crypto, now they have realize that the use of digital currency is inevitable, the more government device a means to eradicate crypto the more the awareness grow,
it really doesn't matter what the government do or say, the fact remains crypto is here and not going anywhere, it is time they start to have a re-think, make plans towards crypto acceptance, it is said "if you cant beat the you join them" government are losing control.
You are in vain to rejoice at this PayPal announcement, because this announcement does not carry anything useful for the crypto. You read their announcement in general, they offer centralized storage of cryptocurrency, without providing private keys, and this is contrary to the principles of cryptocurrency. They are also going to provide educational materials for those who are new to cryptocurrency. And what happens: PayPal will reap the benefits of a huge number of misguided newbies who think that centralized storage of cryptocurrencies is okay. This not normal. So PayPal at this stage cannot bring any benefit to Bitcoin and its community, in principle, benefit only to Bitcoin holders, because the price is flying up against the background of this announcement.
PayPal did not give a damn about the rule for any crypto user: Not your keys, not your coins and is developing another centralized trash heap in which your funds can be blocked or censored. They have such a reputation, they often did this in the field of traditional payments.