You need to restart your computer for one thing. Do that if you haven't already.
If you have, go to windows Control centre>Programs and features and uninstall waves from there.
Go to C/:Users/your user name/App data/Local/Waves audio and delete the whole folder I'm not in front of my PC at the moment so I can't check but it could be the Local not roaming folder if there's no Waves audio folder in Roaming try Local and delete.
Then reinstall Waves and you should be righ to go. Take note to look out for instructions to reboot and do that if instructed to. Now you should be OK,