As part of the announcement, WWE noted that Bliss is not medically cleared to compete, adding that a "suitable replacement" will be announced.
Bliss missed nearly five months of in-ring action from 2018 into early 2019 after reportedly suffering "multiple concussions."
The 27-year-old has wrestled sparingly this year with just two televised matches in January and two in April. She did not compete at WrestleMania 35, instead serving as host of the event.
She has primarily hosted Moment of Bliss talk show segments on Raw this year, but she announced several weeks ago that she would represent Raw in the Money in the Bank ladder match. Bliss won the match last year and successfully cashed in on Nia Jax the same night.
Alexa last wrestled a televised match on the April 29 episode of Raw in a comedic match that saw her lose to Naomi when her shoes kept coming untied.
Bliss was supposed to face Naomi, Natalya and Dana Brooke in a Fatal 4-Way match on Monday's episode of Raw, but she said she didn't have her gear since her luggage was lost. Nikki Cross agreed to take Alexa's place, and she went on to win the match.
From a storyline perspective, Cross could be Bliss' replacement in a ladder match that features a fairly wide-open field.
Another possibility that could gain some traction is the return of Sasha Banks, who has not appeared on WWE programming since she and Bayley dropped the WWE Women's Tag Team Championships to The IIconics at WrestleMania.
Dave Meltzer of the Wrestling Observer Newsletter (h/t Marc Middleton of WrestlingInc.com) reported that Banks tried to quit WWE after feeling "blindsided" by the booking decision. That reportedly resulted in WWE giving Sasha some time off.
If Banks has interest in returning, making her a surprise entrant in the Money in the Bank ladder match and having her win it would go a long way toward making her a top star in the women's division once again.
Replacement notwithstanding, Bliss' removal from the match is disconcerting if it is for a legitimate injury since the five-time Women's champion has struggled to stay healthy in recent months.
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