Clarification: I didn’t say and don’t believe you can’t use Reactions on your own turn. I said Reactions are the only way to act off-turn, and they always have a specific triggering condition and an effect you can spend a reaction to do in response to that trigger. If that trigger happens to occur on your turn, nothing prevents you from spending your reaction to do that effect then. This is in contrast to Actions (and Bonus Actions for that matter), which you can only do on your own turn. (In my reading; yes I know you disagree)
Oh! I had forgotten about that, but if the older playtest version didn’t include the Ready Action in the list of actions it allowed you to take, that would be a major smoking gun as to their intent in this matter IMO. Are those older UAs still accessible? This would be very convincing to me if true!
Again, I object to the characterization of this as a loophole. If it feels like one to you, by all means, disallow it. But just because a player thinks the rules allow this, doesn’t mean they went looking for a loophole. It might just be something they, like I, think the rules plainly and straightforwardly say is possible.