diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index b8f8c8be38e..baa380d5443 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 7.4.0
+current_version = 7.5.0
 commit = True
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(-(?P<stage>[^.]*)\.(?P<devnum>\d+))?
@@ -17,4 +17,5 @@ values =
 [bumpversion:part:devnum]
 
 [bumpversion:file:pyproject.toml]
+
 [bumpversion:file:nucypher/__about__.py]
diff --git a/nucypher/__about__.py b/nucypher/__about__.py
index 6bc4102b642..9fa164f430a 100644
--- a/nucypher/__about__.py
+++ b/nucypher/__about__.py
@@ -16,7 +16,7 @@
 
 __summary__ = "A threshold access control application to empower privacy in decentralized systems."
 
-__version__ = "7.4.0"
+__version__ = "7.5.0"
 
 __author__ = "NuCypher"
 
diff --git a/pyproject.toml b/pyproject.toml
index e76e8c3bbcb..5026564a05f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "nucypher"
-version = "7.4.0"
+version = "7.5.0"
 authors = ["NuCypher"]
 description = "A threshold access control application to empower privacy in decentralized systems."