Reproduction steps:

1. Open “MaterialTest” project
2. Select “New Material” in the Asset folder
3. Note that in the Inspector user can change the Albedo (color) of the material
4. In the Inspector for the “New Material” change Shader to Sprites/Default
5. Observe the Inspector

Expected result: user can still change the color of the material
Actual result: user can’t change the color of the material

Reproducible with: 2021.3.7f1, 2021.3.13f1, 2022.1.22f1, 2022.2.0b14, 2023.1.0a17
Not reproducible: 2020.3.41f1, 2021.3.6f1

Reproduced on: Windows 10

Note: in Sprites/Default shader the Albedo alternative would be called Tint. User can change color if the shader is reverted back to Standard