Xcode 13.2.1 Crashes on launch on Monterey - xcode

Question

I just did a clean install on my mac with the latest MacOS Monterey, since then I had problems launching Xcode. I try to downgrade to Xcode 12 but it also can't launch with a different set of errors. I have removed the Xcode and reinstalled as well, but keep getting the errors the following errors.
When I launch Xcode I see an error stating that
Xcode quit unexpectedly. Click Reopen to open the application again. Click Report to see more detailed information and send a report to apple. "
The following is the information in the bug report
-------------------------------------
Translated Report (Full Report Below)
-------------------------------------
Process: Xcode [13028]
Path: /Applications/Xcode.app/Contents/MacOS/Xcode
Identifier: com.apple.dt.Xcode
Version: 13.2.1 (19586)
Build Info: IDEFrameworks-19586000000000000~2 (13C100)
App Item ID: 497799835
App External ID: 845961054
Code Type: X86-64 (Native)
Parent Process: launchd [1]
User ID: 501
Date/Time: 2021-12-29 21:05:14.8494 +0800
OS Version: macOS 12.1 (21C52)
Report Version: 12
Anonymous UUID: 761BB2D2-9587-496F-A99B-28153F166DE4
Sleep/Wake UUID: EFC592FD-C240-4939-B494-F1EDB25D5747
Time Awake Since Boot: 29000 seconds
Time Since Wake: 3461 seconds
System Integrity Protection: enabled
Crashed Thread: 0 Dispatch queue: com.apple.main-thread
Exception Type: EXC_CRASH (SIGABRT)
Exception Codes: 0x0000000000000000, 0x0000000000000000
Exception Note: EXC_CORPSE_NOTIFY
Application Specific Information:
dlopen(#rpath/libIDEApplicationLoader.dylib, 0x0001): tried:(security policy does not allow # path expansion)
abort() called
Thread 0 Crashed:: Dispatch queue: com.apple.main-thread
0 libsystem_kernel.dylib 0x7ff81d9e5112 __pthread_kill + 10
1 libsystem_pthread.dylib 0x7ff81da1b214 pthread_kill + 263
2 libsystem_c.dylib 0x7ff81d967d10 abort + 123
3 Xcode 0x1019c3537 main.cold.1 + 38
4 Xcode 0x1019c2d42 main + 336
5 dyld 0x1102154fe start + 462
Thread 0 crashed with X86 Thread State (64-bit):
rax: 0x0000000000000000 rbx: 0x0000000110290600 rcx: 0x00007ff7be53f978 rdx: 0x0000000000000000
rdi: 0x0000000000000103 rsi: 0x0000000000000006 rbp: 0x00007ff7be53f9a0 rsp: 0x00007ff7be53f978
r8: 0x00007fe49080a038 r9: 0xfffeffffffffffff r10: 0x0000000000000000 r11: 0x0000000000000246
r12: 0x0000000000000103 r13: 0x00007fe49011f760 r14: 0x0000000000000006 r15: 0x0000000000000016
rip: 0x00007ff81d9e5112 rfl: 0x0000000000000246 cr2: 0x00007ff860821e00
Logical CPU: 0
Error Code: 0x02000148
Trap Number: 133
Binary Images:
0x7ff81d9de000 - 0x7ff81da14fff libsystem_kernel.dylib (*) <5aa1e5be-b5b8-3a02-9885-a8c99e0ca378> /usr/lib/system/libsystem_kernel.dylib
0x7ff81da15000 - 0x7ff81da20fff libsystem_pthread.dylib (*) <6c7561b4-4b92-3f45-921e-abe669299844> /usr/lib/system/libsystem_pthread.dylib
0x7ff81d8e6000 - 0x7ff81d96efff libsystem_c.dylib (*) <e58814cc-dcb7-35a5-badc-e367ed3ac207> /usr/lib/system/libsystem_c.dylib
0x1019c0000 - 0x1019c3fff com.apple.dt.Xcode (13.2.1) <c1d00c9f-cea5-312a-b16d-c9bb36eebb41> /Applications/Xcode.app/Contents/MacOS/Xcode
0x110210000 - 0x11027bfff dyld (*) <cef5a27a-d50b-3020-af03-1734b19bc8c5> /usr/lib/dyld
External Modification Summary:
Calls made by other processes targeting this process:
task_for_pid: 0
thread_create: 0
thread_set_state: 0
Calls made by this process:
task_for_pid: 0
thread_create: 0
thread_set_state: 0
Calls made by all processes on this machine:
task_for_pid: 0
thread_create: 0
thread_set_state: 0
VM Region Summary:
ReadOnly portion of Libraries: Total=885.5M resident=0K(0%) swapped_out_or_unallocated=885.5M(100%)
Writable regions: Total=155.1M written=0K(0%) resident=0K(0%) swapped_out=0K(0%) unallocated=155.1M(100%)
VIRTUAL REGION
REGION TYPE SIZE COUNT (non-coalesced)
=========== ======= =======
Kernel Alloc Once 8K 1
MALLOC 27.1M 14
MALLOC guard page 24K 5
MALLOC_MEDIUM (reserved) 120.0M 1 reserved VM address space (unallocated)
STACK GUARD 56.0M 1
Stack 8192K 1
VM_ALLOCATE 8K 2
__DATA 18.1M 287
__DATA_CONST 13.8M 191
__DATA_DIRTY 736K 109
__FONT_DATA 4K 1
__LINKEDIT 641.0M 7
__OBJC_RO 81.8M 1
__OBJC_RW 3136K 2
__TEXT 244.5M 309
__UNICODE 588K 1
dyld private memory 1024K 1
shared memory 8K 1
=========== ======= =======
TOTAL 1.2G 935
TOTAL, minus reserved VM space 1.1G 935
-----------
Full Report
-----------
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Model: iMac15,1, BootROM 432.40.8.0.1, 4 processors, Quad-Core Intel Core i7, 4 GHz, 32 GB, SMC 2.23f11
Graphics: AMD Radeon R9 M295X, AMD Radeon R9 M295X, PCIe, 4 GB
Display: iMac, Retina 5K (5120 x 2880), Main, MirrorOff, Online
Memory Module: BANK 0/DIMM0, 8 GB, DDR3, 1600 MHz, 0x0000, 0x000000000000000000000000000000000000
Memory Module: BANK 1/DIMM0, 8 GB, DDR3, 1600 MHz, 0x80AD, 0x484D54343147533641465238412D50422020
Memory Module: BANK 0/DIMM1, 8 GB, DDR3, 1600 MHz, 0x0000, 0x000000000000000000000000000000000000
Memory Module: BANK 1/DIMM1, 8 GB, DDR3, 1600 MHz, 0x80AD, 0x484D54343147533641465238412D50422020
AirPort: spairport_wireless_card_type_wifi (0x14E4, 0x142), Broadcom BCM43xx 1.0 (7.77.111.1 AirPortDriverBrcmNIC-1710.3)
AirPort:
Bluetooth: Version (null), 0 services, 0 devices, 0 incoming serial ports
Network Service: Wi-Fi, AirPort, en1
Serial ATA Device: APPLE SSD SD0128F, 121.33 GB
Serial ATA Device: Samsung SSD 850 EVO 500GB, 500.11 GB
USB Device: USB30Bus
USB Device: My Passport 25AA
USB Device: BRCM20702 Hub
USB Device: Bluetooth USB Host Controller
USB Device: FaceTime HD Camera (Built-in)
USB Device: USB2.0 Hub
USB Device: Gaming Mouse G402
USB Device: QuickFire Rapid keyboard
Thunderbolt Bus: iMac, Apple Inc., 26.1