LRC, the Loopring Protocol token on Ethereum, has been listed on Bittrex, a top-tier crypto-trading platform based in and fully regulated in the US.
To qualify the listing, the LRC token has successfully passed the Howey Test. The Howey Test was created by the US Supreme Court as a three step process to determine if a product or offering is an investment contract, or in other words, a security. It is generally NOT a good thing for a crypto token to be classified as a security. Here is why: