diff --git a/.github/workflows/CI.yml b/.github/workflows/CI.yml
index ffb995f..ce2e59b 100644
--- a/.github/workflows/CI.yml
+++ b/.github/workflows/CI.yml
@@ -31,7 +31,7 @@ jobs:
     runs-on: ubuntu-22.04
     strategy:
       matrix:
-        rust_version: ["1.70", "stable"]
+        rust_version: ["1.74", "stable"]
     steps:
       - uses: actions/checkout@v4
       - uses: dtolnay/rust-toolchain@master
diff --git a/Cargo.toml b/Cargo.toml
index f4dc5f3..0424dd9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -12,7 +12,7 @@ repository = "https://github.com/srv6d/rpsl-rs"
 readme = "README.md"
 exclude = [".devcontainer", ".github", "doc/benchmark/**", "tests/**"]
 # Make sure to also adjust in README and CI
-rust-version = "1.70"
+rust-version = "1.74"
 
 [lib]
 name = "rpsl"
@@ -24,7 +24,7 @@ thiserror = "1.0.50"
 
 [dev-dependencies]
 codspeed-criterion-compat = "2.3.3"
-criterion = { version = "0.5.1", features = ["html_reports"] }
+criterion = "0.5.1"
 proptest = "1.4.0"
 
 [[bench]]
diff --git a/README.md b/README.md
index 798f77b..f1a6d7f 100644
--- a/README.md
+++ b/README.md
@@ -11,7 +11,7 @@
     <img src="https://img.shields.io/crates/v/rpsl-rs.svg?logo=rust" alt="Cargo version">
   </a>
   <a href="https://rust-lang.github.io/rfcs/2495-min-rust-version.html">
-    <img src="https://img.shields.io/badge/rustc-1.70+-blue?logo=rust" alt="Rust version">
+    <img src="https://img.shields.io/badge/rustc-1.74+-blue?logo=rust" alt="Rust version">
   </a>
   
 </div>
@@ -162,6 +162,12 @@ Ref:            https://rdap.arin.net/registry/entity/THEFA-3
 
 To extract each individual object, the [parse_whois_response] function can be used to parse the response into a `Vec` containing all individual [ObjectView]s within the response. Examples can be found in the function documentation.
 
+## MSRV Policy
+
+This project requires the minimum supported Rust version to be at least 6 months old.
+As long as this requirement is met, the MSRV may be increased as necessary through a minor version update.
+For the currently configured MSRV, please check [Cargo.toml](Cargo.toml).
+
 ## Contributing
 
 Contributions of all sizes that improve `rpsl-rs` in any way, be it DX/UX, documentation, performance or other are highly appreciated.