The recent “revival” of Asian American theology has endeavored to move past familiar descriptions of Asian American racialization—the perpetual foreigner, yellow peril, model minority tropes—to more analytic accounts attentive to the larger structural situatedness of Asian American life. Yet these accounts are not necessarily uniform, which underscores the different ways in which emancipatory politics (within the church and beyond) have been envisioned. For some, Asian American racialization reinforces the insistence of racial identity as a crucial theological source; for others, it suggests the need to move beyond racial identity for the sake of liberation. Recent events (such as the rise in anti-Asian violence, scapegoating of immigrants and DEI initiatives, and the repeal of affirmative action) have amplified these questions. This roundtable session considers whether recent accounts of Asian American racialization require revision in light of these events or whether they continue to possess explanatory and normative power.