diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index fc7ca7fa3618c..924336e8b5b79 100644
--- a/tools/base/requirements.txt
+++ b/tools/base/requirements.txt
@@ -1600,7 +1600,7 @@ zstandard==0.22.0 \
     # via envoy-base-utils
 
 # The following packages are considered to be unsafe in a requirements file:
-setuptools==69.2.0 \
-    --hash=sha256:0ff4183f8f42cd8fa3acea16c45205521a4ef28f73c6391d8a25e92893134f2e \
-    --hash=sha256:c21c49fb1042386df081cb5d86759792ab89efca84cf114889191cd09aacc80c
+setuptools==70.0.0 \
+    --hash=sha256:54faa7f2e8d2d11bcd2c07bed282eef1046b5c080d1c32add737d7b5817b1ad4 \
+    --hash=sha256:f211a66637b8fa059bb28183da127d4e86396c991a942b028c6650d4319c3fd0
     # via -r requirements.in