Crash on ShaderLab::ShaderState::ApplyShaderState when entering Play Mode after saving a Shader Graph

Reproduction steps:
1. Open the attached project “CrashRepro“
2. Open “SHADER“ Shader Graph
3. Change something in the Shader Graph (Connect “Use Color Grading“ output to “Emission“)
4. Save the Shader Graph
5. Enter the Play Mode
6. If it does not crash press any button on the keyboard and click on the “Play“ button

Expected result: The Play mode continues
Actual result: Editor crashes

Reproducible with: 2022.3.10f1, 2023.1.11f1, 2023.2.0b8, 2023.3.0a4
Couldn’t test with: 2021.3.30f1 - (Shaders are pink and errors are thrown: “State comes from an incompatible keyword space“)

Reproducible on: Windows 10
Not reproducible on: No other environment tested

First few lines of stack trace:

0x00007FF90F7A8018 (Unity) ShaderLab::ShaderState::ApplyShaderState
0x00007FF90F7997A7 (Unity) ShaderLab::Pass::ApplyPass
0x00007FF90F72DBA1 (Unity) ApplyMaterialPass
0x00007FF90F41F9FD (Unity) BatchRenderer::ApplyShaderPass
0x00007FF90F41FBCE (Unity) BatchRenderer::ApplyShaderPass

Note: The reproduction rate seems to be around 70%