diff --git a/Cargo.lock b/Cargo.lock
index 9cdfa439..02fcaa27 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1590,15 +1590,6 @@ dependencies = [
  "cfg-if 1.0.0",
 ]
 
-[[package]]
-name = "matchers"
-version = "0.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f099785f7595cc4b4553a174ce30dd7589ef93391ff414dbb67f62392b9e0ce1"
-dependencies = [
- "regex-automata",
-]
-
 [[package]]
 name = "matches"
 version = "0.1.9"
@@ -2164,15 +2155,6 @@ dependencies = [
  "regex-syntax",
 ]
 
-[[package]]
-name = "regex-automata"
-version = "0.1.10"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6c230d73fb8d8c1b9c0b3135c5142a8acee3a0558fb8db5cf1cb65f8d7862132"
-dependencies = [
- "regex-syntax",
-]
-
 [[package]]
 name = "regex-syntax"
 version = "0.6.25"
@@ -2990,36 +2972,18 @@ dependencies = [
  "tracing-core",
 ]
 
-[[package]]
-name = "tracing-serde"
-version = "0.1.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fb65ea441fbb84f9f6748fd496cf7f63ec9af5bca94dd86456978d055e8eb28b"
-dependencies = [
- "serde",
- "tracing-core",
-]
-
 [[package]]
 name = "tracing-subscriber"
-version = "0.2.25"
+version = "0.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0e0d2eaa99c3c2e41547cfa109e910a68ea03823cccad4a0525dcbc9b01e8c71"
+checksum = "5cf865b5ddc38e503a29c41c4843e616a73028ae18c637bc3eb2afaef4909c84"
 dependencies = [
  "ansi_term",
- "chrono",
- "lazy_static",
- "matchers",
- "regex",
- "serde",
- "serde_json",
  "sharded-slab",
  "smallvec",
  "thread_local",
- "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-serde",
 ]
 
 [[package]]
diff --git a/ethers-signers/Cargo.toml b/ethers-signers/Cargo.toml
index a0f4e4c7..abd59c08 100644
--- a/ethers-signers/Cargo.toml
+++ b/ethers-signers/Cargo.toml
@@ -43,7 +43,7 @@ eth-keystore = { version = "0.3.0" }
 ethers-contract = { version = "^0.5.0", path = "../ethers-contract", features = ["eip712", "abigen"]}
 ethers-derive-eip712 = { version = "0.1.0", path = "../ethers-core/ethers-derive-eip712" }
 serde_json = { version = "1.0.64" }
-tracing-subscriber = "0.2.25"
+tracing-subscriber = "0.3.0"
 yubihsm = { version = "0.39.0", features = ["secp256k1", "usb", "mockhsm"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dev-dependencies]