Hello AZAdminBishop91-4762,
Thank you for posting your query in the Q&A Community.
To enable Microsoft Entra ID Protection, you’ll need Microsoft Entra ID P2 licenses. These licenses are required for all users who directly benefit from identity protection policies, including mandatory multi-factor authentication (MFA) registration. So, it’s not just admins; all users need the P2 licensing to utilize these features
Kindly follow this link to get more information about this as this question has been answered on the thread. https://techcommunity.microsoft.com/t5/microsoft-entra/entra-id-identity-protection-mfa-registration-policy/m-p/4059517
Let me know if further assistance is needed.
Babafemi