I think the answer is that you can, but probably don't want to!
You must do this with the SPARQL 1.1 function SUBSTRalong with concatand strdt.
Something along the lines
strdt(concat(substr(?x, 7, 4), '-', substr(?x, 1, 2), '-', substr(?x, 4, 2), 'T00:00:00'), xsd:dateTime)
?x MM/DD/YYYY. xsd:dateTime, .
, MM/DD/YYYY, xsd:dates xsd:dateTimes.