Adobe Premiere ELEMENTS 2022 keeps crashing!!

I just downloaded Adobe Premiere Elements 2022 (30-day trial)

I'm running a Mac Mini with Monterey MacOS 12.4

I launch Premiere Elements > Click "VIDEO EDITOR" > click "EXPERT" (at the top) > click "ADD MEDIA" > click "WEBCAM" ....then CRAISH!

**CRASH** Adobe Premiere Elements quit unexpectedly. **CRASH**
Click Reopen to open the application again. This report will be sent automatically to Apple. 

Any thoughts or ideas on how to fix this?

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Below is SOME of the text in the comments section noting the Problem details and system configuration

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Translated Report (PARTIAL Report Below)
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Process: Adobe Premiere Elements [4340]
Path: /Applications/Adobe Premiere Elements 2022/*/Adobe Premiere Elements.app/Contents/MacOS/Adobe Premiere Elements
Identifier: com.adobe.Adobe Premiere Elements-20.0
Version: 20220702.Git.main.e4f8578 (20.0)
Code Type: X86-64 (Native)
Parent Process: launchd [1]
User ID: 501

Date/Time: 2022-07-16 20:04:47.4649 -0400
OS Version: macOS 12.4 (21F79)
Report Version: 12
Bridge OS Version: 6.5 (19P5071)
Anonymous UUID: B01317B8-1B55-E383-4CF6-D329908A5344

Sleep/Wake UUID: 8EDADC92-9724-4CCC-B7C4-0121C62D5C7F

Time Awake Since Boot: 16000 seconds
Time Since Wake: 823 seconds

System Integrity Protection: enabled

Crashed Thread: 0 Dispatch queue: com.apple.main-thread

Exception Type: EXC_BAD_INSTRUCTION (SIGILL)
Exception Codes: 0x0000000000000001, 0x0000000000000000
Exception Note: EXC_CORPSE_NOTIFY

Termination Reason: Namespace SIGNAL, Code 4 Illegal instruction: 4
Terminating Process: exc handler [4340]

Application Specific Information:
BUG IN CLIENT OF LIBDISPATCH: trying to lock recursively