Cyberpunk Raytracing Crash

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There's something wrong with the ray tracing in this game. Everytime when I enable raytracing the game crahses within 5 minutes, and flatlines the game with the following error report:
Failed to get D3D12_DRED_AUTO_BREADCRUMBS_OUTPUT1. HR=0x887a0004 The specified device interface or feature level is not supported on this system.

Note this is only happening when raytracing is enabled. And also looks like I'm not the only one having this problem lately.

What i've tried so far:
Testing Different Graphic Options, like enabling FrameGen or Upscaling.
Reinstalling the game.
Reinstalling GPU Drivers
Reinstalling Windows.

None of the above worked.

My PC Specs:
i9 11900K
32GB RAM
RX 7900XT 20GB on the latest driver 25.3.1
Win 11 24H2

I've added the full error report in the attachment
 
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