diff --git a/setup.py b/setup.py
index f6b614abfa21..9551235df1ec 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@ dependencies = [
     "aiohttp==3.8.1",  # HTTP server for full node rpc
     "aiosqlite==0.17.0",  # asyncio wrapper for sqlite, to store blocks
     "bitstring==3.1.9",  # Binary data management library
-    "colorama==0.4.4",  # Colorizes terminal output
+    "colorama==0.4.5",  # Colorizes terminal output
     "colorlog==6.6.0",  # Adds color to logs
     "concurrent-log-handler==0.9.19",  # Concurrently log and rotate logs
     "cryptography==36.0.2",  # Python cryptography library for TLS - keyring conflict