Can’t hear other players voice chat, but I can see them talking.

For both crew and proximity voice chat, the audio from other’s voices is not coming through to me and I can only hear game audio. It’s letting me talk and use things like text chat, however everyone else is muted for me (even though I can see them talking with the voice chat icon). I have all of my voice chat settings turned on, and my voice chat volume is set to max.