It’s fine to store the genome, but to bring a species back the brink for which there is no safe habitat is to make them the first welfare species. There is no place they can survive on their own. So, will the taxpayers then have to start supporting dozens or hundreds of species that will die off the moment there is a blip in our civilization? The blip could be war, EMP or even an extended transportation strike that limits food supplies. Such things will happen and do happen periodically. We have been extraordinarily lucky in that the US has been able to dictate generous terms and the world had to take them. But we are being undermined by our own elected officials, greatly increasing the chances of world-wide disaster. The fewer things dependent on us, the better.
My thought as well, although "first welfare species" might more accurately describe the giant panda.