I'm having this same issue on Xcode 12.3 and Big Sur 11.1.
Simplest work around I found for MacBook Pro:
Quit Xcode and simulator
Unplug power cable
Restart Xcode and simulator
Check storyboard or simulator to confirm yellow tint is gone
Reconnect in power cable
This seems to work as long as Xcode remains open.
TLDR: make sure power cable is disconnected from MacBook before starting Xcode. Once started, power can be connected without issue.
Topic:
Developer Tools & Services
SubTopic:
Xcode
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