Same problem after updated to macOS Monterey 12.2 (21D49), Xcode 13.2.1 (13C100)
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Same problem, even on macOS Monterey 12.2 beta 2 (21D5039d), Xcode 13.2.1 (13C100)
Xcode Version 12.0 (12A7209) --> The GM version Download from developer.apple.com/download works fine.
Xcode Version 12.0 (12A7208) --> App Store version, failed.