AWS encoded failure message while launching an instance

I am getting the below message when trying to launch an instance. As i am unable to launch the first instance itself, can someone please help me understand how to decode the message. The permissions seem to be good to launch an instance.

Launch Failed
You are not authorized to perform this operation. Encoded authorization failure message: iDVuZCIpxknMVYZjFStqwP-kaD4g4F2IBOJqQitUX8fBMsA3CfyhbO5XR8ZrMUuBrFb09iv9qPKRmBdKqcPCCeOvLLajEanoqxc3OiuyOV8qjVK-JraUSJl5I8jIUDN40YHLiOtMzXroKUQftSVDE88Efe9BurkEwMH-Dz_B0bwtswdghAAQx-aoGCS1-lV-PbNXJQLQI9yxBgF4YYeQsfVMNPvN9WVASmtdNchIF4U11CouzimIX5BzD6V-yqv6TSco-v8oUjFkiX-Dqqb2L1hk0pm991et7OiELRab1VaSLtOGcNsTZFxilMWeeik1o7tzkjX269R-9-LwSgnZMQ01mYTmPoaDXQdaKqgDs0PN756zJjX0wf8F0hlmvrjnll_l2KF882v6Jrc0HEKS5vbXCNlfLCb3p21_772kfy_28rJ3hyGsYdXPDRL7meqWsDbEm6iPb-Glg83SufbzLHnG1bCVHhR59mN1slrOHx17furSqc4atR446DqecrfY3C_0lPH3MxXz9cAx0cj_k0cbW_-PRK1c4ThuXnrsbumpFOVh2oaCsDuA7aF3P9cZ7tu9LurPx_-jNL4zibGxFTj0M-O86v2gkTQ0GY6AgtFhqWlURaGQtEjTeRgBoBzrEmDqW0cU1QvPgLGZaXXU4ydcm4DCrB4I0vseIs76C5FDAMOUiLMf-wBwL-BeVZdLG_MYMYHpZawnp1cigAhcZCImYvZTPD8Dj3DiqF0P2Rk7tz55wqkyjhcvHeOoi8tcysDytgliq-P-lUjTu_TmD3Qf1aAUY30Jky3_D94KdZU5blMyCVh2lcQ

See https://rancher.com/docs/rancher/v2.x/en/cluster-provisioning/rke-clusters/node-pools/ec2/ for the requirements and https://docs.aws.amazon.com/cli/latest/reference/sts/decode-authorization-message.html how to decode the string.