Version "1.10.9" gives error "Failed to deserialize buffer as swc::config::Options"

With Node v20.15.1, "@swc-node/register" worked fine with v1.9.1, but gives the following error on 1.10.9:

...i/node_modules/.pnpm/@swc+core@1.3.41/node_modules/@swc/core/index.js:241
return bindings.transformSync(isModule ? JSON.stringify(src) : src, isModule, toBuffer(newOptions));
Error: Failed to deserialize buffer as swc::config::Options

If it helps, here's our .swcrc:

[
	{
		"$schema": "https://json.schemastore.org/swcrc",
		"env": {
			"targets": {
				"node": "20.15.1"
			}
		},
		"test": ".*.(ts|js)$",
		"jsc": {
			"target": "es2021",
			"externalHelpers": false,
			"parser": {
				"syntax": "typescript",
				"decorators": true,
				"dynamicImport": true
			},
			"keepClassNames": true,
			"loose": true,
			"transform": {
				"legacyDecorator": false,
				"decoratorMetadata": true
			}
		},
		"module": {
			"type": "commonjs"
		},
		"sourceMaps": "inline"
	},
	{
		"test": ".*.json$",
		"jsc": {
			"transform": {
				"optimizer": {
					"jsonify": {
						"minCost": 0
					}
				}
			}
		}
	}
]

Reproduce the failure with Node v20.15.1 and the supplied .swcrc, starting at @swc/core/index.js line 241 and comparing @swc-node/register versions 1.9.1 and 1.10.9. Trace which configuration causes deserialization to fail, then verify the issue is resolved without breaking the shown TypeScript, decorator, CommonJS, and JSON cases.