diff --git a/livekit-api/livekit/api/version.py b/livekit-api/livekit/api/version.py
index 3d187266..dd9b22cc 100644
--- a/livekit-api/livekit/api/version.py
+++ b/livekit-api/livekit/api/version.py
@@ -1 +1 @@
-__version__ = "0.5.0"
+__version__ = "0.5.1"
diff --git a/livekit-api/setup.py b/livekit-api/setup.py
index d5046cb1..ae57e4d0 100644
--- a/livekit-api/setup.py
+++ b/livekit-api/setup.py
@@ -53,7 +53,7 @@
         "aiohttp>=3.9.0",
         "protobuf>=3",
         "types-protobuf>=4,<5",
-        "livekit-protocol>=0.5.0,<1",
+        "livekit-protocol>=0.5.1,<2",
     ],
     package_data={
         "livekit.api": ["py.typed", "*.pyi", "**/*.pyi"],
diff --git a/livekit-protocol/livekit/protocol/version.py b/livekit-protocol/livekit/protocol/version.py
index 3d187266..dd9b22cc 100644
--- a/livekit-protocol/livekit/protocol/version.py
+++ b/livekit-protocol/livekit/protocol/version.py
@@ -1 +1 @@
-__version__ = "0.5.0"
+__version__ = "0.5.1"