diff --git a/.github/workflows/main.yml b/.github/workflows/main.yml
index beb50178528..30811a43a8d 100644
--- a/.github/workflows/main.yml
+++ b/.github/workflows/main.yml
@@ -190,7 +190,7 @@ jobs:
     - name: Install dependencies
       run: |
         python -m pip install --upgrade pip
-        pip install --upgrade wheel setuptools tox
+        pip install --upgrade wheel setuptools setuptools_scm[toml] tox
     - name: Build package
       run: |
         python setup.py sdist bdist_wheel
diff --git a/changelog/8133.trivial.rst b/changelog/8133.trivial.rst
new file mode 100644
index 00000000000..c4493b87fc7
--- /dev/null
+++ b/changelog/8133.trivial.rst
@@ -0,0 +1 @@
+Migrate to setuptools_scm 5.x to use SETUPTOOLS_SCM_PRETEND_VERSION_FOR_PYTEST for more robust release tooling.
diff --git a/pyproject.toml b/pyproject.toml
index dd4be6c22d5..a80cf8e63bf 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -2,7 +2,7 @@
 requires = [
   # sync with setup.py until we discard non-pep-517/518
   "setuptools>=42.0",
-  "setuptools-scm[toml]>=3.4",
+  "setuptools-scm[toml]>=5.0.1",
   "wheel",
 ]
 build-backend = "setuptools.build_meta"
diff --git a/scripts/release.py b/scripts/release.py
index 798e42e1fe0..5bd8f9efb3c 100644
--- a/scripts/release.py
+++ b/scripts/release.py
@@ -63,7 +63,7 @@ def regen(version):
     print(f"{Fore.CYAN}[generate.regen] {Fore.RESET}Updating docs")
     check_call(
         ["tox", "-e", "regen"],
-        env={**os.environ, "SETUPTOOLS_SCM_PRETEND_VERSION": version},
+        env={**os.environ, "SETUPTOOLS_SCM_PRETEND_VERSION_FOR_PYTEST": version},
     )
 
 
diff --git a/setup.cfg b/setup.cfg
index 14fdb6df5c0..04e7a5028c9 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -55,7 +55,7 @@ package_dir =
     =src
 setup_requires =
     setuptools>=>=42.0
-    setuptools-scm>=3.4
+    setuptools-scm>=5.0.1
 zip_safe = no
 
 [options.entry_points]
diff --git a/tox.ini b/tox.ini
index 908f56ea681..877b662efd2 100644
--- a/tox.ini
+++ b/tox.ini
@@ -16,6 +16,8 @@ envlist =
     docs
     docs-checklinks
 
+
+
 [testenv]
 commands =
     {env:_PYTEST_TOX_COVERAGE_RUN:} pytest {posargs:{env:_PYTEST_TOX_DEFAULT_POSARGS:}}
@@ -23,6 +25,7 @@ commands =
     coverage: coverage combine
     coverage: coverage report -m
 passenv = USER USERNAME COVERAGE_* PYTEST_ADDOPTS TERM
+passenv = USER USERNAME COVERAGE_* PYTEST_ADDOPTS TERM SETUPTOOLS_SCM_PRETEND_VERSION_FOR_PYTEST
 setenv =
     _PYTEST_TOX_DEFAULT_POSARGS={env:_PYTEST_TOX_POSARGS_DOCTESTING:} {env:_PYTEST_TOX_POSARGS_LSOF:} {env:_PYTEST_TOX_POSARGS_XDIST:}
 
@@ -83,10 +86,7 @@ commands =
 [testenv:regen]
 changedir = doc/en
 basepython = python3
-passenv = SETUPTOOLS_SCM_PRETEND_VERSION
-# TODO: When setuptools-scm 5.0.0 is released, use SETUPTOOLS_SCM_PRETEND_VERSION_FOR_PYTEST
-# and remove the next line.
-install_command=python -m pip --use-deprecated=legacy-resolver install {opts} {packages}
+passenv = SETUPTOOLS_SCM_PRETEND_VERSION_FOR_PYTEST
 deps =
     dataclasses
     PyYAML
@@ -112,8 +112,6 @@ changedir = testing/plugins_integration
 deps = -rtesting/plugins_integration/requirements.txt
 setenv =
     PYTHONPATH=.
-    # due to pytest-rerunfailures requiring 6.2+; can be removed after 6.2.0
-    SETUPTOOLS_SCM_PRETEND_VERSION=6.2.0a1
 commands =
     pip check
     pytest bdd_wallet.py
@@ -187,6 +185,7 @@ extend-ignore =
     ; Docstring Content Issues
     D400,D401,D401,D402,D405,D406,D407,D408,D409,D410,D411,D412,D413,D414,D415,D416,D417
 
+
 [isort]
 ; This config mimics what reorder-python-imports does.
 force_single_line = 1