New upgrade is not yet released react-native-reanimated-65-jsc.aar.
After the installation of the package, navigate to node_modules folder and search for react-native-reanimated. Navigate to android and see if anything ending with 65 is visible.. else it wont work.

Alternate options, [with downgrade to 0.64.2] it does work... but the version gets reset after the build.
This is one of the key file to be updated node_modules> react-native-reanimated > android > build.gradle to make it work
Follow the instructions as given in the site
https://docs.swmansion.com/react-native-reanimated/docs/installation/
set the following too enableHermes: true .. No harm in setting it
Now follow these steps
- in your android > gradle > wrapper>gradle-wrapper.properties change
distributionUrl=https://services.gradle.org/distributions/gradle-6.8-all.zip
- android > build. gradle. Change these two items; as class path goes set with 6.8-all goes with 4.2.2

- uninstall react-native .65 and run for 0.64.2
- delete your package-lock.json
- watchman watch-del-all
- Delete node_modules
- run yarn install
- yarn start --reset-cache
- rm -rf /tmp/metro-*
- [This can be an optional step..as RN .64 is set]
Now go back to the node_modules folder and search for the 'react-native-reanimated' folder and change this
artifacts.add("default", file("react-native-reanimated-${minor}.aar"))
to
artifacts.add("default", file("react-native-reanimated-64.aar"))
Now start with your build.. you should not see the issue reported.
. Update