diff --git a/.yarnrc.yml b/.yarnrc.yml
index 9c4331b485df..172a2ce7ddc9 100644
--- a/.yarnrc.yml
+++ b/.yarnrc.yml
@@ -17,12 +17,7 @@ packageExtensions:
   react-native-codegen@*:
     peerDependencies:
       "@babel/preset-env": ^7.1.6
-  react-native-gradle-plugin@*:
-    peerDependencies:
-      "@babel/preset-env": ^7.1.6
   react-native@*:
-    dependencies:
-      metro-babel-register: 0.67.0
     peerDependencies:
       "@babel/preset-env": ^7.1.6
 
diff --git a/examples/react-native/package.json b/examples/react-native/package.json
index 2a50f9accd33..3f19aae39f42 100644
--- a/examples/react-native/package.json
+++ b/examples/react-native/package.json
@@ -8,7 +8,7 @@
   },
   "dependencies": {
     "react": "17.0.2",
-    "react-native": "0.68.0"
+    "react-native": "0.68.1"
   },
   "devDependencies": {
     "@babel/core": "^7.11.6",
diff --git a/yarn.lock b/yarn.lock
index 50f705d9861b..875b2c9d58df 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6812,13 +6812,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"babel-plugin-replace-ts-export-assignment@npm:^0.0.2":
-  version: 0.0.2
-  resolution: "babel-plugin-replace-ts-export-assignment@npm:0.0.2"
-  checksum: da749130fe0479cd9da73f8b3aafc62e05885b12732ce0e25976a7138dad1688a03366791b12633afdd8a702e2018ec01764c4ddb0ed0dbc3783b7e75b1b148a
-  languageName: node
-  linkType: hard
-
 "babel-plugin-syntax-trailing-function-commas@npm:^7.0.0-beta.0":
   version: 7.0.0-beta.0
   resolution: "babel-plugin-syntax-trailing-function-commas@npm:7.0.0-beta.0"
@@ -10145,7 +10138,7 @@ __metadata:
     jest: "workspace:*"
     metro-react-native-babel-preset: 0.67.0
     react: 17.0.2
-    react-native: 0.68.0
+    react-native: 0.68.1
     react-test-renderer: 17.0.2
   languageName: unknown
   linkType: soft
@@ -15033,24 +15026,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"metro-babel-register@npm:0.67.0":
-  version: 0.67.0
-  resolution: "metro-babel-register@npm:0.67.0"
-  dependencies:
-    "@babel/core": ^7.14.0
-    "@babel/plugin-proposal-nullish-coalescing-operator": ^7.0.0
-    "@babel/plugin-proposal-optional-chaining": ^7.0.0
-    "@babel/plugin-syntax-class-properties": ^7.0.0
-    "@babel/plugin-transform-flow-strip-types": ^7.0.0
-    "@babel/plugin-transform-modules-commonjs": ^7.0.0
-    "@babel/preset-typescript": ^7.15.0
-    "@babel/register": ^7.0.0
-    babel-plugin-replace-ts-export-assignment: ^0.0.2
-    escape-string-regexp: ^1.0.5
-  checksum: 4aabb6884db027326ca97e8c9f3943e9af9f455439fa7e361002e3c5b5c3600e9f4aae141018bebec7a242f6950f822945fd464fa6f14c134f893d6542afc081
-  languageName: node
-  linkType: hard
-
 "metro-babel-transformer@npm:0.67.0":
   version: 0.67.0
   resolution: "metro-babel-transformer@npm:0.67.0"
@@ -18564,18 +18539,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"react-native-codegen@npm:*":
-  version: 0.0.14
-  resolution: "react-native-codegen@npm:0.0.14"
-  dependencies:
-    "@babel/parser": ^7.14.0
-    flow-parser: ^0.121.0
-    jscodeshift: ^0.13.1
-    nullthrows: ^1.1.1
-  checksum: 2e22f472e504b035a032fcb4c13412ecd60971cb2f11a161c674219f379afcc8098103503dc5f394ac92e8f6cbd2dce68ad3d8b7eb5cb1cd01a4e548063cf97c
-  languageName: node
-  linkType: hard
-
 "react-native-codegen@npm:^0.0.13":
   version: 0.0.13
   resolution: "react-native-codegen@npm:0.0.13"
@@ -18588,18 +18551,16 @@ __metadata:
   languageName: node
   linkType: hard
 
-"react-native-gradle-plugin@npm:^0.0.5":
-  version: 0.0.5
-  resolution: "react-native-gradle-plugin@npm:0.0.5"
-  dependencies:
-    react-native-codegen: "*"
-  checksum: ee14e5abc692fadb66527334e00ce57bfb7371fae82711f3a1c658c8896e93daee17019e533b1eb0323606f812fa5c645e67348f4169ecc0cb9fa3de3706b5e6
+"react-native-gradle-plugin@npm:^0.0.6":
+  version: 0.0.6
+  resolution: "react-native-gradle-plugin@npm:0.0.6"
+  checksum: 185ad348931ef4f58065b50bbf80558af668b1ef11c31067aab7f1cd85b18809a62fcf0b7a18444726dacd098042771a570c0ac76bb8976c3ccbe7c86cff0e11
   languageName: node
   linkType: hard
 
-"react-native@npm:0.68.0":
-  version: 0.68.0
-  resolution: "react-native@npm:0.68.0"
+"react-native@npm:0.68.1":
+  version: 0.68.1
+  resolution: "react-native@npm:0.68.1"
   dependencies:
     "@jest/create-cache-key-function": ^27.0.1
     "@react-native-community/cli": ^7.0.3
@@ -18624,20 +18585,20 @@ __metadata:
     promise: ^8.0.3
     react-devtools-core: ^4.23.0
     react-native-codegen: ^0.0.13
-    react-native-gradle-plugin: ^0.0.5
+    react-native-gradle-plugin: ^0.0.6
     react-refresh: ^0.4.0
     react-shallow-renderer: 16.14.1
     regenerator-runtime: ^0.13.2
     scheduler: ^0.20.2
     stacktrace-parser: ^0.1.3
-    use-subscription: ^1.0.0
+    use-subscription: ">=1.0.0 <1.6.0"
     whatwg-fetch: ^3.0.0
     ws: ^6.1.4
   peerDependencies:
     react: 17.0.2
   bin:
     react-native: cli.js
-  checksum: 2232376ac65e63c8b2895b6fcb84299dd42ef6502b0d2d26a64758f4de871c64f261e116b6a0930a0e6b3320a68d46cbbe4daa5eb50fd517d90aa0eb451b189c
+  checksum: 72916e7ac092ca68702254d2a80db80b340e735f1ea654d5146e54037cf20410c182477d1c7f59dd4c6d854472a67b5ed6c279640d515235998717ba12757a39
   languageName: node
   linkType: hard
 
@@ -22125,7 +22086,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"use-subscription@npm:^1.0.0":
+"use-subscription@npm:>=1.0.0 <1.6.0":
   version: 1.5.1
   resolution: "use-subscription@npm:1.5.1"
   dependencies: