UPDATE! I WAS ABLE TO USE MY HD500X NOW WITH M1 CHIP! IM SO HAPPY! anyws i was using Boom 2 for enhancing my global Mac EQ and there was an instruction where you have to lower down Mac's security in the boot up. so after turning off your Mac, press and hold the power button until the security bootup something appears then choose less security if i remember it correctly. then restart your Mac. once powered on, go to system preference then security, there will be an option to allow Line 6. i allowed it then now it's working.