Bitcoin’s price rose on Tuesday after Democratic presidential candidate Kamala Harris pledged to support a regulatory framework for crypto, while the prospect of delayed distributions by Mt Gox also buoyed sentiment. 

The world’s largest cryptocurrency traded slightly above a $50,000 to $65,000 trading range seen through most of the year. But it did come off highs hit over the weekend. 

Bitcoin rose 2% to $65,395.0 by 01:14 ET (05:14 GMT). 

Harris pledges crypto regulatory framework

Vice President Kamala Harris on Monday pledged to support a regulatory framework for crypto, including allowing black men easier access to the industry. But the details of her planned framework were not immediately clear.

Still, Harris’ pledge marked one of her first mentions of crypto policy in recent campaigning efforts, and sparked some hopes that she will not extend the Biden Administration’s crackdown against the industry.

Harris is set for a tight presidential race against Republican nominee Donald Trump, with roughly three weeks left to the ballot. Trump has so far maintained a largely pro-crypto stance, and even as several crypto-related business ventures, of which World Liberty Financial is set to launch next week. 

Harris’ pledge also helped traders look past concerns over more regulatory moves against crypto, after the Securities and Exchange Commission sued a major crypto market maker last week.

Mt Gox postpones token distribution

Bitcoin clocked a weekend rally after the trustees of defunct crypto exchange Mt Gox postponed plans to return stolen Bitcoins to creditors by a year.