Premiere Pro not opening projects or exporting on M1

New Here ,
May 24, 2022 May 24, 2022

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Experienced this before but in a light version and was able to solve it back then. Now it looks like it is broken.

When opening Premiere Pro I cannot open a project. Or at least it is opening a project but keeps showing a wheel of death. One time I could finally open the project but then when exporting the same occured. 
The problem started when PP crashed and started to save a 'copy' of. This happened a lot lately. 

I'm on a M1 Pro macbook with Premiere Pro 2022
What I already tried:
- Multiple reboots
- Installing the latest version of premiere
- Re-installing the program
- Clearing the media cache
- Starting a new project, closing it and then trying to open the one I need( this worked one time before)

Kinda stuck here. Below you can see a video of what is going on, but when looking at the screencast you'll see that my arrow appears. The picture below shows what I see. The Wheel of death. Also I need to close the program in the hard way because It's not responding. 

Is anybody else experiencing this too?

Video of what is taking place:
https://youtu.be/R1IX7cqFkwk

TOPICS
Crash , Error or problem , Freeze or hang

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New Here ,
May 24, 2022 May 24, 2022

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Adobe support helped me out on this peculiar case.

Close premiere
1. Documents/ Adobe / ( Here you will find premiere pro folder, rename it to premiere pro.old) 

2. Choose Go to > ~/Library/Preferences/Adobe/ ( Here you will find premiere pro folder, rename it to premiere pro.old) 

This apparently reset the program. 

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