In my case it does.
What happens when the daemon is stopped depends on the implementation of your drivers. I have driver for my mainboard fans that is not in the mainline linux kernel but maintained by a single guy that just recently added the functionality to give back the control to the motherboard (bios settings).
Long story short: if you disable coolercontrol and notice that your fans don’t change their speed when the temperature rises / falls, or act like they did from the bios settings, reboot your system.
They are develeoping it, but it’s slow because there are not as many people contributing as they would need to i think.
Anyways, if you want a more recent version, they are preparing an App store launch. One of the developers publishes more recent builds on his fork, see this comment.
Like one of the comments mentioned: there is yt-dlp for now at least.