Yes, I believe that's true, so the scenario can't occur as things are presently set up. But the idea proposed raises a couple of questions.
We still don't know how much of Punk's "malcontent" role was kayfabe. We're still not sure if he was truly threatening to quit the company for good or if the whole thing was an act, and he's actually just a regular employee. But if he did receive some special privileges in order to make him stay, I wonder: Does he have creative control of his own character, a la Bret Hart and Hulk Hogan? Or is he just an employee who performs as directed?
If he does have some semblance of control of how his character is depicted.....would he be willing to lose his title (assuming he wins one) to a mid-carder like Daniel Bryan?
Of course, it might be that he would be thrilled to lose to a hard-working, technical marvel like Daniel. But if you were C.M. Punk and had the ability to approve or veto a title change like this, what would you do?
Just food for thought.
If Daniel Bryan can cash in the Blue case for the Red Belt, if I were CM Punk, I would gladly drop the Title to Daniel Bryan. After all…
Edge cashed in on Cena to win his first WWE Title
Rob Van Dam cashed in on Cena to win his first WWE Title
Edge cashed in on Undertaker to win his first World Title
CM Punk cashed in on Edge to win his first World Title
CM Punk casahed in on Jeff Hardy to win his second World Title
Jack Swagger cashed in on Chris Jericho to win his first World Title
Kane cashed in on Rey Mysterio to win his first World Title
Miz cashed in on Randy Orton to win his first WWE Title
Alberto Del Rio cashed in on CM Punk to win his first WWE Title
6 out of 9 of these cash ins were for the respective Mr. MITB’s very first WWE / World Championship, so technically they were all Mid-Carders. 2 out of 3 were for the respective Mr. MITB’s first World Championship (Edge’s second cash in and Kane’s cash in). Of all Mr. MITBs, CM Punk should appreciate the MITB concept. Daniel Bryan has the skills to be World Champion. He could work on his mic skills, but in the WWE, it’s the word “Wrestling” first, then the word “Entertainment”. Give him at least a one month reign. If I were Punk, I would not veto being a part of WWE History. Being the first to win the Money In The Bank Ladder match twice, and being cashed in on twice.
To the main topic, I don’t think Mr. Blue MITB can cash in his case for the Red Belt. Stranger things have happened, but as it stands right now, no.