I went hunting in the BIOS for ‘verve‘ which has a ASUS PRIME B550M-A motherboard and I found I needed to change two settings.

The first setting was Advanced -> CPU Configuration -> SVM Mode = Enabled. This enables AMD-V and allows the CPU to function in a hypervisor.

The second setting was Advanced -> Onboard Devices Configuration -> USB power delivery in Soft Off state (SS) = Disabled. This fixes the problem with the power button not working as discussed here: Earth leakage hack.