Hello all, just wanted to update and let you know that this issue has been reported and our team is actively working on it. It seems like this only occurs on this one specific model of MacBook Pro (13" 2020), and only when running on macOS Monterey, so unfortunately at this time the only workaround is to downgrade your OS or use a different device.
I’ll post in this thread as soon as I have any updates. Thank you all for hanging in there.