Objects animated in Sequencer fail to trigger collisions against stationary characters with character movement components

When an object, such as a cube, is animated in sequencer and that object's path intersects a stationary character with a character movement component, the object will pass through the character without triggering any collisions.

This only occurs on the XY plane. If the cube contacts the player pawn from below, collisions will trigger normally.

This does not affect objects moved via gameplay code, and appears to be a regression from 5.3.

Create an animated cube that passes through the player pawn in the XY plane in Sequencer.
No collisions will occur when the player is stationary, but collisions will trigger as expected if the player moves.