Add-PnPEventReceiver not getting triggered if we setup RER with PowerShell 7

Hi Team,

I am executing below command to setup the remote event receiver, It execute successfully but event receiver not getting triggered if I setup this with Powershell 7. If I execute same command with Powershell 5, then it is working fine.
I have tried multiple approaches here but still getting same issue.

<#Making Connection#>
$encpassword = convertto-securestring -String "Password123" -AsPlainText -Force
$cred = new-object -typename System.Management.Automation.PSCredential -argumentlist "username@tenant.onmicrosoft.com", $encpassword
Connect-PnPOnline -Url https://tenant.sharepoint.com/sites/TestSite -Credentials $cred

<#Command to setup the remote event receiver#>
Add-PnPEventReceiver -List "Site Pages" -Name "Remove Event Receiver" -Url $ventReceiverUrl -EventReceiverType ItemUpdated -Synchronization Asynchronous

Please suggest, I am doing anything wrong here.
Thanks.

Reproduce the provided Add-PnPEventReceiver command with PowerShell 7 and PowerShell 5 against the SharePoint test site, then compare whether the ItemUpdated receiver is registered and triggered. Start at the Add-PnPEventReceiver entry point and verify the issue is resolved when the same command triggers the receiver under PowerShell 7.