diff --git a/setup.py b/setup.py
index 9290981d61c3..74ae2966c90c 100644
--- a/setup.py
+++ b/setup.py
@@ -12,7 +12,7 @@ dependencies = [
     "aiohttp==3.7.4",  # HTTP server for full node rpc
     "aiosqlite==0.17.0",  # asyncio wrapper for sqlite, to store blocks
     "bitstring==3.1.7",  # Binary data management library
-    "colorlog==4.7.2",  # Adds color to logs
+    "colorlog==4.8.0",  # Adds color to logs
     "concurrent-log-handler==0.9.19",  # Concurrently log and rotate logs
     "cryptography==3.4.6",  # Python cryptography library for TLS - keyring conflict
     "keyring==23.0",  # Store keys in MacOS Keychain, Windows Credential Locker