Yes, you can for ASME Y14.5-2009 and previous USA standards. By default the indicated MMC tolerance applies to the axis derived from the pitch cylinder. One can specify the position tolerance and associated material modifiers applied to the major or minor diameter. MMC specifications will require manufacturing/quality to actually do more than a simple go, no-go thread gage inspection, thus complicating the inspection effort and for that matter the design.
In general, an MMC tolerance applied to the derived pitch diameter is rarely necessary or practical. For example, take a 250-20 UNC - 2B threaded feature. The pitch diameter according to ANSI/ASME B1.1 is specified minimum dia. 0 .2175 and maximum dia. 0.2248. This gives a total variability of .0073 or bonus tolerance. Since the v-thread will center the mating screw this variability is practically meaningless as the feature that needs to be clear is the Major diameter of the mating screw and the mating hole feature.
Hopefully, the designer has specified a tolerance structure for the threaded feature and mating hole feature that is easy to manufacture and functionally robust.
In general, I recommend v-threads specified at RFS, however I do recognize that there are potential designs that may benefit from a MMC position, orientation or datum reference tolerance at MMC or LMC for that matter.