Thanks for reporting this @marvin_serpas and @wassupgcode_24. I performed an investigation and found that I could reproduce it under the following conditions:
Please only comment on the GitHub issue thread if you have new technical information that will assist with the resolution. General discussion and support requests are always welcome here on the Arduino Forum.
Until the bug is resolved, I can suggest the workaround of rolling back to a previous version of the CH340 driver. I found that Serial Monitor works perfectly when I am using that version of the driver.
Close the Serial Monitor window if it is still open.
Select View > Devices by type from the Device Manager menus.
Open the "View" menu.
If there is a ✓ to the left of the "Show hidden devices" menu item, click on "Show hidden devices" to disable it.
Open the "Ports (COM & LPT)" section of the Device Manager tree.
You should see a port identified as "USB-SERIAL CH340 (COMn)" under the "Ports (COM & LPT)" section (where "COMn" is some serial port e.g., COM4). Double click on that item.
The "USB-SERIAL CH340 (COMn) Properties" dialog will open.
Select the "Driver" tab of the "USB-SERIAL CH340 (COMn) Properties" dialog.
You will see a "Roll Back Driver" button in the dialog. If it is not clickable, perform the following instructions:
Click the "Update driver" button.
An "Update Drivers Device - USB-SERIAL CH340 (COMn)" dialog will open.
Click on "Search automatically for drivers" in the "Update Drivers Device - USB-SERIAL CH340 (COMn)" dialog.
You should now see the driver installation wizard update the driver. Wait for the update to finish, as indicated by the message "Windows has successfully updated your drivers" in the dialog. It is possible you will instead see the message "The best drivers are already installed". If so, please stop following the instructions here and reply on the forum thread to let me know. I'll provide alternative instructions you can follow.
Click the "Close" button in the "Update Drivers Device - USB-SERIAL CH340 (COMn)" dialog.
The dialog will close.
Click the "Roll Back Driver" button in the "USB-SERIAL CH340 (COMn) Properties" dialog.
The "Driver Package rollback" dialog will open.
Click the radio button next to "My apps don't work with this driver" in the "Driver Package rollback" dialog .
Click the "Yes" button.
The "Driver Package rollback" dialog will close.
Click the "Close" button in the "USB-SERIAL CH340 (COMn) Properties" dialog.
Close the Device Manager window.
Now try opening Serial Monitor again, just as you did before. Hopefully this time it will work as expected.
Please let me know if you have any questions or problems while following those instructions.