Probably depends on your state law. In Colorado, statute reads, "Every person riding a bicycle or electrical assisted bicycle shall have all of the rights and duties applicable to the driver of any other vehicle"

So, no. But, if your light never turns green (i.e. the weight (or usually, induction) sensor doesn't trip because it's a bike), you legally could run it and claim the signal was "defective" (which makes it a 4-way stop). I can't imagine this actually happening, that is, getting a ticket for running an empty intersection, so the debate is likely moot. Personally, I look at common-sense approach to red lights: Stop, if safe to proceed, do so.