When a paper is crumpled and then released the air drag on the paper is less while when we put the flat paper and released it from rest we can see that there is large surface area due to which it will have more air drag and hence it will reach later
So we can say that air friction or air drag depends on the surface area of object
More will be the surface area more is the drag force of air and hence less is the effective acceleration due to gravity
So when we drop the two objects in vacuum it will not have any friction force
and hence they both will have same gravity downwards
So in that case the two objects will reach the ground in same time
so its answer will be
Both papers will reach the ground at the same time.