diff --git a/.github/workflows/build_and_tests.yml b/.github/workflows/build_and_tests.yml
index 84f6699e..8833673e 100644
--- a/.github/workflows/build_and_tests.yml
+++ b/.github/workflows/build_and_tests.yml
@@ -38,7 +38,7 @@ jobs:
     strategy:
       fail-fast: false
       matrix:
-        python_version: ['3.8', '3.9', '3.10', '3.11']
+        python_version: ['3.9', '3.10', '3.11', '3.12']
 
     steps:
     - name: Clone
@@ -105,6 +105,10 @@ jobs:
 
     - name: Build Ragger Python package
       run: |
+        # Needed to workaround this bug https://github.com/pypa/setuptools/issues/4759
+        # To be removed when it's fixed
+        pip install -U packaging
+
         pip install --upgrade pip build twine
         python -m build
         pip install .
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3b84b0ca..9e2b7a21 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,16 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [1.26.0] - 2025-??-??
+
+### Added
+
+- Added support for Python 3.12
+
+### Removed
+
+- Drop support for Python 3.8
+
 ## [1.25.0] - 2024-12-20
 
 ### Added
diff --git a/pyproject.toml b/pyproject.toml
index 21e467cd..05748e24 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [build-system]
 requires = [
-    "setuptools>=61.2",
+    "setuptools>=75",
     "setuptools_scm[toml]>=6.2",
     "wheel"
 ]
@@ -12,19 +12,19 @@ authors = [{name = "Ledger", email = "hello@ledger.fr"}]
 description = "Testing framework using Speculos and LedgerComm as backends"
 classifiers = [
     "Programming Language :: Python :: 3",
-    "Programming Language :: Python :: 3.8",
     "Programming Language :: Python :: 3.9",
     "Programming Language :: Python :: 3.10",
     "Programming Language :: Python :: 3.11",
+    "Programming Language :: Python :: 3.12",
     "License :: OSI Approved :: Apache Software License",
     "Operating System :: POSIX :: Linux",
     "Operating System :: MacOS :: MacOS X",
 ]
-requires-python = ">=3.8"
+requires-python = ">=3.9"
 dependencies = [
     "bip_utils>=2.4.0",
     "py-sr25519-bindings>=0.2.0,<0.3.0",
-    "ledgered>=0.6.3",
+    "ledgered>=0.7.1",
 ]
 dynamic = ["version"]
 
@@ -63,7 +63,7 @@ doc = [
     "docutils==0.16",
 ]
 speculos = [
-    "speculos>=0.9.1",
+    "speculos>=0.13.1",
     "mnemonic",
 ]
 ledgercomm = [