The name change debate regarding McKinley/Denali has little do with with (perceived) racism and more to do with simple historical accuracy. In this case it may ultimately be moot: Denali is used so often by so many people that it is the de-facto name of the peak anyway, regardless of what the USGS says.
This is qualitatively different, say, than renaming a peak from something perjorative to something less so. The Squaw Peak debate won't ever die here in Phoenix. Even if they renamed it, everyone will call it Squaw Peak... and ironically, I doubt anyone uses the name in a perjorative sense. Words change meaning and tone over the years. Personally, I support keeping the name as is (i.e. Squaw Peak).