diff --git a/wp-includes/rest-api/endpoints/class-wp-rest-comments-controller.php b/wp-includes/rest-api/endpoints/class-wp-rest-comments-controller.php
index 0320efaae9..376959ad2a 100644
--- a/wp-includes/rest-api/endpoints/class-wp-rest-comments-controller.php
+++ b/wp-includes/rest-api/endpoints/class-wp-rest-comments-controller.php
@@ -1672,8 +1672,8 @@ class WP_REST_Comments_Controller extends WP_REST_Controller {
 			return false;
 		}
 
-		if ( ! current_user_can( 'moderate_comments' ) ) {
-			return false;
+		if ( current_user_can( 'moderate_comments' ) ) {
+			return true;
 		}
 
 		return current_user_can( 'edit_comment', $comment->comment_ID );
diff --git a/wp-includes/version.php b/wp-includes/version.php
index 08d8059fc0..f46843d35f 100644
--- a/wp-includes/version.php
+++ b/wp-includes/version.php
@@ -13,7 +13,7 @@
  *
  * @global string $wp_version
  */
-$wp_version = '5.3-beta2-46432';
+$wp_version = '5.3-beta2-46433';
 
 /**
  * Holds the WordPress DB revision, increments when changes are made to the WordPress DB schema.