I could be wrong, but I did finish a degree in EE even if I just do software now. But here’s my quick take on it.
Probably because you’re driving voltage on STAT from REGN.
STAT should have a current limiting resistor on it, go through your led, then ground.
REGN should have a 2.2uf cap between the pin and ground according to the datasheet.
Just pull the trigger, we both know how this ends.