diff --git a/requirements.txt b/requirements.txt
index c5ecfae2..443bae47 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,4 +1,4 @@
-setuptools>=65.5.1 # not directly required, pinned by Snyk to avoid a vulnerability
+setuptools>=70.0.0 # not directly required, pinned by Snyk to avoid a vulnerability
 gevent>=23.9.0
 msgpack>=0.6.0
 base58