diff --git a/contrib/deterministic-build/requirements-hw.txt b/contrib/deterministic-build/requirements-hw.txt
index 4584a73bb..e0d8cd046 100644
--- a/contrib/deterministic-build/requirements-hw.txt
+++ b/contrib/deterministic-build/requirements-hw.txt
@@ -283,9 +283,9 @@ keepkey==6.3.1 \
     --hash=sha256:88e2b5291c85c8e8567732f675697b88241082884aa1aba32257f35ee722fc09 \
     --hash=sha256:cef1e862e195ece3e42640a0f57d15a63086fd1dedc8b5ddfcbc9c2657f0bb1e \
     --hash=sha256:f369d640c65fec7fd8e72546304cdc768c04224a6b9b00a19dc2cd06fa9d2a6b
-ledger-bitcoin==0.2.1 \
-    --hash=sha256:01697fab6333ceca4d228eb27f7d12f763e033f620b1bfb5949b20ec0b33b6ca \
-    --hash=sha256:1160aa887df9f88539110c3c88535fc838cfff26600a326df23b4a09f09036f1
+ledger-bitcoin==0.3.0 \
+    --hash=sha256:ad9cdeaf33a45562bbd5bae6751025b869a2f81d6eb0267dd062a01f5925a4d5 \
+    --hash=sha256:e7c33404d02044c3810b294a510f7ad97bc65ab12dbdd180d873f2b4ebc0711a
 ledgercomm==1.2.1 \
     --hash=sha256:015cfc05f16b8c59f8cc1d9fc0b8935923f1fcc3806d33eeb6b0e055b44f5a91 \
     --hash=sha256:8ffef5703355b8ec7b73bca325f70288f4d0dafcb299c09833de9c197fb6dd34
diff --git a/contrib/requirements/requirements-hw.txt b/contrib/requirements/requirements-hw.txt
index 6e5206738..ee15b8c33 100644
--- a/contrib/requirements/requirements-hw.txt
+++ b/contrib/requirements/requirements-hw.txt
@@ -11,10 +11,8 @@ keepkey>=6.3.1
 
 # device plugin: ledger
 # note: btchip-python only needed for "legacy" protocol and HW.1 support
-# note: ledger-bitcoin==0.2.2 added new deps we don't want to bundle. otherwise it should be ok to use.
-#       see https://github.com/LedgerHQ/app-bitcoin-new/issues/192
 btchip-python>=0.1.32
-ledger-bitcoin>=0.2.0,<0.2.2
+ledger-bitcoin>=0.2.0
 hidapi
 
 # device plugin: coldcard
diff --git a/electrum/plugins/ledger/ledger.py b/electrum/plugins/ledger/ledger.py
index 86c912cc0..c796814cd 100644
--- a/electrum/plugins/ledger/ledger.py
+++ b/electrum/plugins/ledger/ledger.py
@@ -1332,7 +1332,7 @@ class Ledger_KeyStore(Hardware_KeyStore):
 class LedgerPlugin(HW_PluginBase):
     keystore_class = Ledger_KeyStore
     minimum_library = (0, 2, 0)
-    maximum_library = (0, 3, 0)
+    maximum_library = (0, 4, 0)
     DEVICE_IDS = [(0x2581, 0x1807),  # HW.1 legacy btchip
                   (0x2581, 0x2b7c),  # HW.1 transitional production
                   (0x2581, 0x3b7c),  # HW.1 ledger production