diff --git a/requirements-dev.txt b/requirements-dev.txt
index b9229d821..a82de57d9 100644
--- a/requirements-dev.txt
+++ b/requirements-dev.txt
@@ -17,5 +17,5 @@ pytest-cov>=2.11.1  # via -r requirements-dev.in
 pytest>=6.2.2       # via -r requirements-dev.in
 ipython>=8.10.0     # via -r requirements-dev.in, pinned by Snyk to avoid SNYK-PYTHON-IPYTHON-3318382
 pydocstyle>=6.1.0
-setuptools~=70.3.0  # pinning to avoid failures with new iterations of setuptools
+setuptools~=74.0.0  # pinning to avoid failures with new iterations of setuptools
 zipp>=3.19.1        # not directly required, pinned by Snyk
diff --git a/setup.py b/setup.py
index 1d95cb9ad..c7e1b7669 100644
--- a/setup.py
+++ b/setup.py
@@ -91,7 +91,7 @@
             "pytest-cov",
             "pytest",
             "bandit",
-            "setuptools~=70.3.0"
+            "setuptools>=70.3,<74.1"
         ],
     },
     classifiers=[