Can't deploy SSIS package - An error occurred during decryption. (Microsoft SQL Server, Error: 15466)

When trying to deploy an SSIS .dtsx package, I get the below error message:

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TITLE: SQL Server Integration Services

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An error occurred during decryption. (Microsoft SQL Server, Error: 15466)

For help, click: http://go.microsoft.com/fwlink?ProdName=Microsoft%20SQL%20Server&ProdVer=15.00.4198&EvtSrc=MSSQLServer&EvtID=15466&LinkId=20476

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BUTTONS:

OK

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An error occurred during decryption. (.Net SqlClient Data Provider)

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For help, click: http://go.microsoft.com/fwlink?ProdName=Microsoft%20SQL%20Server&ProdVer=15.00.4198&EvtSrc=MSSQLServer&EvtID=15466&LinkId=20476

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Server Name: redacted
Error Number: 15466
Severity: 16
State: 9
Line Number: 1

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Program Location:

at System.Data.SqlClient.SqlConnection.OnError(SqlException exception, Boolean breakConnection, Action1 wrapCloseInAction) at System.Data.SqlClient.SqlInternalConnection.OnError(SqlException exception, Boolean breakConnection, Action1 wrapCloseInAction)
at System.Data.SqlClient.TdsParser.ThrowExceptionAndWarning(TdsParserStateObject stateObj, Boolean callerHasConnectionLock, Boolean asyncClose)
at System.Data.SqlClient.TdsParser.TryRun(RunBehavior runBehavior, SqlCommand cmdHandler, SqlDataReader dataStream, BulkCopySimpleResultSet bulkCopyHandler, TdsParserStateObject stateObj, Boolean& dataReady)
at System.Data.SqlClient.SqlCommand.FinishExecuteReader(SqlDataReader ds, RunBehavior runBehavior, String resetOptionsString, Boolean isInternal, Boolean forDescribeParameterEncryption, Boolean shouldCacheForAlwaysEncrypted)
at System.Data.SqlClient.SqlCommand.RunExecuteReaderTds(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, Boolean async, Int32 timeout, Task& task, Boolean asyncWrite, Boolean inRetry, SqlDataReader ds, Boolean describeParameterEncryptionRequest)
at System.Data.SqlClient.SqlCommand.RunExecuteReader(CommandBehavior cmdBehavior, RunBehavior runBehavior, Boolean returnStream, String method, TaskCompletionSource1 completion, Int32 timeout, Task& task, Boolean& usedCache, Boolean asyncWrite, Boolean inRetry) at System.Data.SqlClient.SqlCommand.InternalExecuteNonQuery(TaskCompletionSource1 completion, String methodName, Boolean sendToPipe, Int32 timeout, Boolean& usedCache, Boolean asyncWrite, Boolean inRetry)
at System.Data.SqlClient.SqlCommand.ExecuteNonQuery()
at Microsoft.SqlServer.IntegrationServices.Common.ObjectModel.SqlHelper.ExecuteSQLCommand(SqlStoreConnection storeConnection, CommandType cmdType, String cmdText, SqlParameter[] parameters, ExecuteType execType, Int32 commandTimeout)
at Microsoft.SqlServer.Management.IntegrationServices.CatalogFolder.DeployPackages(String projectName, Dictionary2 packageNamesAndXmls) at Microsoft.SqlServer.IntegrationServices.Wizard.Common.Model.DeployExportProjectHelper.DeployPackages(ProjectInfo project, List1 packageTextItems)
at Microsoft.SqlServer.IntegrationServices.Wizard.Common.Model.DeploymentModel.DeployPackages(ProjectInfo project, String projectName, List`1 packageTextItems)
at Microsoft.SqlServer.IntegrationServices.Wizard.Common.Model.DeploymentModel.DeployPackages()
at Microsoft.SqlServer.IntegrationServices.Deployment.DeployProjectPage.DoWork(Object sender, DoWorkEventArgs e)
at System.ComponentModel.BackgroundWorker.OnDoWork(DoWorkEventArgs e)
at System.ComponentModel.BackgroundWorker.WorkerThreadStart(Object argument)