At least they're done less often. There's a parade that happens about 30 minutes away from where I live where and it's the sketchiest thing ever. The tradition comes from these very parades, but they claim it isn't racist anymore.
It's interesting that we apparently don't know the origin of the conical hats and robes. It's one of the main distinguishing features of the Klan but nobody really knows where they got the idea.
I mean, obviously hiding your face is good when you're doing crimes, but why such an impractical conical hat?