After Effects 2022 23.5 preview blank and won't run

I use After Effects 2022 on a windows 11 desktop computer. Ever since the 23.5 update, I am unable to preview any new compositions or imported files/videos, and the entire composition appears blank despite having visibility and sound toggled on (with the exception of an outline around a selected layer). I have attempted to close/reopen ae, purge all memory & disk cache, run in safe mode and reset my workspace layout - so far none have solved the initial issue. Fortunately, I am able to temporarily view and run the composition normally by opening a pre-existing composition/save file. Though I do find this very inconvenient, as I have to import all my clips, save the composition to my files, then reopen the file - just for the clips to be visible (which I did not need to do in 23.4). Not only this. but if I wait too long or choose to import an additional clip, I end up having to repeat this process again to view it. Does anyone have the same issue or any possible solutions for me to try?