diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index 268f131abcafb..47e95f1d3fbc7 100644
--- a/tools/base/requirements.txt
+++ b/tools/base/requirements.txt
@@ -1604,7 +1604,7 @@ zstandard==0.22.0 \
     # via envoy-base-utils
 
 # The following packages are considered to be unsafe in a requirements file:
-setuptools==69.1.0 \
-    --hash=sha256:850894c4195f09c4ed30dba56213bf7c3f21d86ed6bdaafb5df5972593bfc401 \
-    --hash=sha256:c054629b81b946d63a9c6e732bc8b2513a7c3ea645f11d0139a2191d735c60c6
+setuptools==70.0.0 \
+    --hash=sha256:54faa7f2e8d2d11bcd2c07bed282eef1046b5c080d1c32add737d7b5817b1ad4 \
+    --hash=sha256:f211a66637b8fa059bb28183da127d4e86396c991a942b028c6650d4319c3fd0
     # via -r requirements.in