After wiping application data and restarting, here are some of the messages I'm getting with logcat. Mine says "Setting up..." and "Trying to verify your phone number..." below that.
I am on a call with Verizon support as I'm working on this. I think I'm overwhelming the technician.
09-23 11:50:44.462 W/BugleRcsProvisioning(28145): Failed to get RCS configuration from the cached provider, configuration is empty. [CONTEXT x_message_id=-1861371666685764574 work_id="021e1e76-e226-4f9e-a2d9-8bb4ecbde76e" pipeline_type="SmsReceivePipeline" ]
09-23 11:50:43.727 E/BugleWelcome(28145): Asterism setConsented operation for message-id: 3600441726569733873 failed with request-code: 1 and audit-token: EhcKFQiNnsXriKeXhnoQ1szn8f2EurWOAQ==
09-23 11:50:43.728 E/BugleWelcome(28145): ProfilesConsentWorker: Failed to set consent. Retrying
09-23 11:52:55.742 I/BugleRcsProvisioning(28145): RcsAvailability: Subscription Id: 1, simId: redacted-pii:sim_id[chars:20,last3:692], sipConnectionType: DUAL_REG, isRcsAvailable: false
09-23 12:28:16.001 I/BugleRcs( 4747): phone number null, checking subscription exists in same subscription group.
09-23 12:28:16.003 W/BugleRcs( 4747): No RCS phone number found for subscription id. [CONTEXT ratelimit_period="30 SECONDS" group_by="1" sub_id=1 skipped=3 ]
09-23 12:28:16.003 W/BugleRcs( 4747): etfi: FULL