I cannot see the license for CUBASE 10.5

Hi and welcome,

Are you sure the plugged USB-eLicenser is the one you have registered in your MySteinberg account, please? Does it have the sam number?

Make sure you have the very latest eLCC update installed, please.

Are you on Mac or Windows? If you are on Windows, try to start eLCC as Administrator and trigger Maintenance, please.