This is actually not such a new feature in Microsoft Meetings, but certainly a very welcome feature to have a detailed control over who can bypass the lobby of a Microsoft Teams meeting. We can set this setting for a particular meeting by editing the meeting options after it is scheduled:
Or we can even set this option as the default option for all people in our organization or specific people by changing the global meeting policy or creating a new policy.
Source: jcgonzalezmartin