diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index fc7ca7fa3618c..b7a54fdf09743 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==70.2.0 \
+    --hash=sha256:b8b8060bb426838fbe942479c90296ce976249451118ef566a5a0b7d8b78fb05 \
+    --hash=sha256:bd63e505105011b25c3c11f753f7e3b8465ea739efddaccef8f0efac2137bac1
     # via -r requirements.in