WordPress 6.5 has been postponed because of disagreements over a new feature that would have required some websites to download a plugin in order to keep them functioning.
Font Directory Problem
What derailed the 6.5 release is a new Font Library feature for managing fonts that also makes using Google Fonts GDPR compliant. The GDPR compliance part is a nice feature that allows a publisher to connect with Google Fonts and download fonts locally instead of serving them from Google’s servers. That’s what makes them GDPR compliant because Google’s servers won’t have access to your site visitor’s IP address.