Hi there,
Thank you for running that check and confirming it. That is exactly what we needed. It settles the question: this is org-wide for every user, not something tied to admin visibility, so your individual users really are all seeing the full organization's licensed assets, not just their own.
Two things from here.
For immediate relief, the Adobe Stock website gives each user a self-scoped view. Open your profile badge, go to License History, and you'll see only the assets you licensed yourself. It is not the in-panel toggle you are asking for, but it does give your users a "just mine" list today rather than having to scroll through the entire organization.
On the toggle itself, an "All" versus "Individual" switch in the licensed assets view, this is a genuine gap, and I am logging it as a feature request with the team that owns this area. Your confirmation that it affects every user, not only admins, strengthens the case, and I would rather capture it properly than leave it as a passing comment.
~Tariq