Disagree. It feels like every psychedelic band tries ripping off the '60s.... Unlike the Stone Roses.
But, no seriously, the two most recent bands I can think of under the psychedelic umbrella that tried innovating the sound without sounding too derivative would've been Black Moth Super Rainbow and Fever the Ghost; both bands lean into an electronic element. I also remember bands like Gengahr getting posted quite a bit, but they never took off.
