I loaded with QCAD and all the paths are yellow, so T2Laser is loading it correctly. I also loaded into Inkscape and it's also showing as yellow (stroke) so not sure why you didn't see that.
T2Laser can use the colors for various settings, the default has Yellow at 0% power so that is why it doesn't cut. You can also use the colors to set the cutting sequence, feed rates or other variables based on settings in the DXF menu.
These parameters are shown in the manual along with the color designations, default is black for 100% power (meaning the power level you set in the menu, so 255 using my defaults).