By Hannah LangAugust 3 (Reuters) - The crypto industry has poured close to $200 million into the November midterm elections, underscoring the sector's muscle in Congress, where it is pushing lawmakers to pass legislation that will reshape federal oversight of digital assets. The industry's spending spree builds on the $170 million it ‌spent supporting congressional candidates during the 2024 elections, many of whom won their races. That helped the industry score a victory last year when Congress passed the Genius Act, which created rules for ‌dollar-backed crypto tokens called stablecoins, potentially boosting their adoption. The industry has spent $189 million on this year's elections, according to a June report by watchdog group Public Citizen. Much of that has been directed through Fairshake, a major super political action committee created to support pro-crypto candidates.