Cryptocurrency brokerage Genesis has revealed its CEO Michael Moro will step down as it reshuffles its executive team during a 20% layoff of its 260-person workforce. Reportedly, Chief operating officer Derar Islim will take over as CEO on an interim basis, and Moro will advise the company during the transition. Additionally, the firm has appointed new senior advisors and leaders in risk, compliance, technology, finance, and legal departments.