Robert A. Musiala Jr.

He | Him | His

Counsel

Chicago
T +1.312.416.8192
F +1.312.416.6201

Overview

Robert Musiala has been working in the blockchain and cryptocurrency market since 2012, including working with a U.S. national security community client, advising on compliance with various regulatory regimes and serving as the court appointed receiver to investigate and secure assets related to a cryptocurrency fraud scheme. The inventor of a granted blockchain patent and another pending patent, he works directly with tech teams to build solutions that are compliant by design. Robert is co-leader of the Blockchain Practice at BakerHostetler.

Robert’s practice includes advising blockchain industry clients on the application of the U.S. Bank Secrecy Act (BSA) and regulations issued by the U.S. Financial Crimes Enforcement Network (FinCEN). Robert also counsels clients that have previously completed “initial coin offering” events on strategies for mitigating personal and business risk, limiting business disruption and achieving regulatory compliance. His experience also includes assisting clients with blockchain-based alternative trading system (ATS) applications, advising blockchain technology firms on strategies for achieving compliance with the EU’s General Data Protection Regulation (GDPR) and counseling businesses that are working with blockchain enterprise consortia.  

Prior to joining BakerHostetler, Robert was a founding member of the blockchain practice at a “Big Four” accounting firm and one of the largest professional services firms in the world, where he was introduced to blockchain through his work as an intelligence analyst and financial crimes investigator. His achievements in threat finance include managing a team of investigators to collect intelligence and produce a threat/counter-threat analysis on cryptocurrency and blockchain for a U.S. national security community client. An innovative thought leader, Robert is the inventor of a patent-pending blockchain micropayments system. He is also the co-inventor and primary concept developer of a patent-pending system that leverages blockchain technology to promote transparency, speed and security and mitigate economic crime in funds governance and aid distribution programs.

Select Experience

  • Drafted complex BSA compliance analysis for blockchain industry client that involved several issues of first impression related to cryptocurrencies, smart contracts and money transmission.
  • Drafted U.S. alternative trading system (ATS) application for broker-dealer/ATS platform underpinned by a private/permissioned blockchain.
  • Drafted GDPR compliance analysis for major blockchain self-sovereign identity solution provider and designed “reg-tech” system architecture analysis.
More »

Experience

  • Drafted complex BSA compliance analysis for blockchain industry client that involved several issues of first impression related to cryptocurrencies, smart contracts and money transmission.
  • Drafted U.S. alternative trading system (ATS) application for broker-dealer/ATS platform underpinned by a private/permissioned blockchain.
  • Drafted GDPR compliance analysis for major blockchain self-sovereign identity solution provider and designed “reg-tech” system architecture analysis.
  • Advised ‘initial coin offering” issuer in responding to SEC subpoena and investigation.
  • Advises blockchain industry clients on regulatory compliance in connection with funding mechanisms, including seed/angel funding, Regulation CF crowdfunding, Regulation A+ limited public offerings and Regulation D accredited investor funding.
  • Advises blockchain industry clients in connection with systems architecture and off-chain storage to comply with the EU General Data Protection Regulation.
  • Drafted and negotiated agreements with various types of technology vendors on behalf of blockchain industry clients.
  • Advised general counsels at major U.S. firms on contract negotiations involving blockchain industry consortia related to food supply chain, advertising impression data, and data security/encryption standards.
  • Managed team to produce 50-state analysis of U.S. money transmitter licensing regimes to facilitate strategic planning for cryptocurrency exchanges.
  • Attendee since 2016 of annual summit held in conjunction with the United Nations and dedicated to improving lives through digital identity.
  • Serves on global policy council of major blockchain based self-sovereign identity solution provider.
  • Managed team to produce threat/counter-threat analysis on blockchain for U.S. national security community client; prepared and presented case studies and other trainings to various U.S. intelligence agencies.
  • Managed team of anti-money laundering (AML) investigators on 15-month AML lookback, performed under consent order at major U.S. financial institution; acted as case investigator on 5-month AML lookback, performed under consent order at major U.S. financial institution.
  • Managed team of intelligence analysts to produce analysis on global trade-based money laundering threat environment for U.S. intelligence community client.
  • Primary drafter of over 30 policies, procedures and training materials to re-design comprehensive governance, risk and compliance program for a major global pharmaceutical company.
  • Inventor, author and primary concept developer of patent pending blockchain-based system to improve transparency and mitigate fraud in funds governance, procurement and aid distribution programs.
  • Inventor of patent pending blockchain micropayments solution.

Recognitions and Memberships

Recognitions

  • Certified Financial Crimes Specialist (CFCS)
  • JD Supra Readers' Choice Awards: Top 10 Author in Finance & Banking (2020)

Memberships

  • Evans Scholars Par Club
  • Chicago Bar Association, Emerging Technologies Committee

Blog Posts

Featured Video

Blockchain for Real Estate: Cryptography, Closings, Registries and REITS
Play Video

Hear the technical concepts that make blockchain a cutting-edge technology and more.

Prior Positions

  • PricewaterhouseCoopers Advisory Services, LLC: Manager of Blockchain and Cryptocurrency, Financial Crimes Unit, Global Intelligence, Forensics Investigations, and more (2011 to 2017)

Admissions

  • Illinois

Education

  • M.S.A., University of Illinois at Chicago Liautaud Graduate School of Business, 2011
  • J.D., Notre Dame Law School, 2003
  • B.A., Creative Writing (with honors) and International Studies, Northwestern University, 2000; Chick Evans Scholar

Blog

In The Blogs

Previous Next
Blockchain Monitor
Financial Firms and Crypto Networks Launch Initiatives; Nonprofit Challenges Crypto Tax Provision; Crypto Enforcement Continues; UST Analysis Published
By Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Jordan R. Silversmith, Kayley B. Sullivan, Joanna F. Wasick
June 17, 2022
In this issue:• Firms Announce New Crypto Initiatives; Data Published on Crypto and NFT Use• Nonprofit Coin Center Files Lawsuit Challenging Crypto Provision of Tax Code• OpenSea and Chainlink Announce Network Transitions• SEC Investigates...
Read More ->
Blockchain Monitor
New Crypto Products Launch, Draft Digital Assets Bill Released, Regulators Address Stablecoins, DOJ Publishes Crypto Report, Hacks and Scams Continue
By Lauren Bass, Maria S. Luevano, Robert A. Musiala Jr., Veronica Reynolds
June 10, 2022
In this issue: • Fintech and Crypto Firms Announce Myriad New Crypto Product Launches• Senators Release Digital Assets Bill, Crypto Activists Send Letter to Congress• NY DFS and Japan Address Stablecoins, BIS Addresses Crypto...
Read More ->
Blockchain Monitor
An Introduction to Non-Fungible Tokens (NFTs)
By Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
June 7, 2022
Non-fungible tokens (NFTs) are the latest advancement in the ongoing evolution of the blockchain market. To help put this new phenomenon into context, the BakerHostetler Blockchain team has prepared a series of papers that examine NFTs...
Read More ->
Blockchain Monitor
Crypto Payment Initiatives Launch; Report Cites Evolving Crypto Views; G7, ECB, BIS Address Crypto Risks; DOJ, CFTC Target NFT Insider Trading, Crypto Fraud
By Lauren Bass, Teresa Goody Guillén, Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds
June 3, 2022
In this issue: • New Cryptocurrency Payments Systems, Tokens and Trade Associations Launch• Cryptocurrency Industry Report Notes Change in Consumer and Insider Views• Digital Asset and Blockchain Risks and Opportunities Addressed by G7...
Read More ->
Blockchain Monitor
Crypto Products and Mining Initiatives Launch; Sports and Spirits Firms Embrace Blockchain; US Agencies Seek Crypto Input, Address Risks, Target Crimes
By Lauren Bass, Keith R. Murphy, Robert A. Musiala Jr., Kayley B. Sullivan, Joanna F. Wasick
May 20, 2022
In this issue: • New European Crypto ETF Launches, Bitcoin Mining Sees Wider Adoption• Sports Leagues and Alcohol Brands Expand Blockchain Partnerships• Congress Addresses CBDC, Commerce Dept. Seeks Input on Digital Assets• SEC and FinCEN...
Read More ->