diff --git a/Cargo.lock b/Cargo.lock
index 87168304..68cb3f07 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -3054,9 +3054,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-subscriber"
-version = "0.3.0"
+version = "0.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5cf865b5ddc38e503a29c41c4843e616a73028ae18c637bc3eb2afaef4909c84"
+checksum = "80a4ddde70311d8da398062ecf6fc2c309337de6b0f77d6c27aff8d53f6fca52"
 dependencies = [
  "ansi_term",
  "sharded-slab",
diff --git a/ethers-signers/Cargo.toml b/ethers-signers/Cargo.toml
index abd59c08..caa0ce56 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 = "0.3.0"
+tracing-subscriber = "0.3.1"
 yubihsm = { version = "0.39.0", features = ["secp256k1", "usb", "mockhsm"] }
 
 [target.'cfg(not(target_arch = "wasm32"))'.dev-dependencies]