When the text is selected the hovering cursor for toolbar is the text selector instead of the pointer cursor. I'd expect the same behaviour from the pointer with or without selected text. Clicking outside of the text area (thus disabling the caret) restores the pointer feature on the toolbar (even if the text selection is still rendered).
Same issue is affecting the checkboxes as well. The checkbox has no pointer cursor behaviour or any indication of state being clickable (hovered state).
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https://user-images.githubusercontent.com/11160141/169670595-da991a1b-a676-4c73-91ed-903971f77a7e.mov
Shows cursor pointer
Shows text selector
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