Can't move Dropbox to ~/Library/CloudStorage

I'm unable to complete the latest Dropbox update that changes the location of Dropbox on macOS to ~/Library/CloudStorage. Following the walkthrough that appears in the Dropbox app I get in an infinite loop where the files can't be moved ("right now"). FWIW, I can't move them there using the app's settings either, though I have no problem adding or changing files in the folder otherwise, and can even drag the Dropbox folder there in Finder (though that disconnects Dropbox). How do I complete the update? Is anyone else having these issues. (macOS 13.2.1 / MBA M2)