So how does it change anything ?Yes there will be a lot more bubbles and they will be moving faster but they will be at the ambient pressure - unless the operator in question will be sticking the valve into the mouth. Then again there is no need to open the valve completely.
Reality is a bit more complex than that. The static pressure of the tank e.g. when no air is flowing out of the than is e.g. 3000 psi, as soon as the tank is open connecting the pressurized tank to the environment through the valve the gas starts flowing. If we neglect gas expansion and we suppose the valve light is big enough to avoid flow perturbation the fluid exchanges pressure for speed so we have a flow of very fast fluid at ambient pressure.
In the real world the pressurized air expands flowing through a very small hole e.g. the volume of the air at ambient pressure is something around 100 times more than in the tank, the expansion reduces the temperature, the flow through the valve is not laminar and produces "vortex" effects, the impact with the surrounding water is unpredictable and we end up with a region around the valve where the models do not apply, i.e. inside the tank we have the nominal pressure e.g. 2000 psi, outside the tank at a certain distance from the valve the air has the ambient pressure, but next to the valve there is a turbulent mix of air and water bubbles at an undefined pressure. The turbulence of this region depends on a number of factors and is strongly influenced by the flow, i.e. how much do you open the tank. If it is slightly opened there is "reduced" turbulence, the air expands slowly and forms nice bubbles that are easy to breath, if we open a bit more it is likely to have some cold foamy fluid that is not so easy to breath and if we open the valve a lot, especially at shallow depth it is likely that the foam will became somehow very cold and creamy, like when a regulator freeze in cold water (a freezing regulator requires cold water and a flow of a few liters/minute, an open tank can deliver a flow of some 1000s liter/minute)
A few months ago I was in the pool when a badly mounted joke went off a full tank a few inches below the surface.
It ended up with a burst of fresh water snow flocks flowing through the sky.