diff --git a/Cargo.lock b/Cargo.lock
index cbfebf8..4dc53c4 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -26,11 +26,11 @@ dependencies = [
 
 [[package]]
 name = "credential-exchange"
-version = "0.3.0"
+version = "0.4.0"
 
 [[package]]
 name = "credential-exchange-format"
-version = "0.3.0"
+version = "0.4.0"
 dependencies = [
  "chrono",
  "data-encoding",
@@ -40,7 +40,7 @@ dependencies = [
 
 [[package]]
 name = "credential-exchange-protocol"
-version = "0.3.0"
+version = "0.4.0"
 dependencies = [
  "credential-exchange-format",
  "jose-jwk",
diff --git a/Cargo.toml b/Cargo.toml
index f1b33cd..619cdb5 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -7,7 +7,7 @@ members = [
 ]
 
 [workspace.package]
-version = "0.3.0"
+version = "0.4.0"
 authors = ["Bitwarden Inc"]
 edition = "2021"
 # Note: Changing rust-version should be considered a breaking change
diff --git a/credential-exchange-protocol/Cargo.toml b/credential-exchange-protocol/Cargo.toml
index 50572e2..13831b2 100644
--- a/credential-exchange-protocol/Cargo.toml
+++ b/credential-exchange-protocol/Cargo.toml
@@ -12,6 +12,6 @@ license.workspace = true
 keywords.workspace = true
 
 [dependencies]
-credential-exchange-format = { path = "../credential-exchange-format", version = "0.3 " }
+credential-exchange-format = { path = "../credential-exchange-format", version = "0.4 " }
 jose-jwk = { version = "0.1", default-features = false }
 serde = { version = "1", features = ["derive"] }