diff --git a/ChangeLog.md b/ChangeLog.md
index c703a7497f947..67af381c95b35 100644
--- a/ChangeLog.md
+++ b/ChangeLog.md
@@ -18,8 +18,11 @@ to browse the changes between the tags.
 
 See docs/process.md for more on how version tagging works.
 
-3.1.53 (in development)
+3.1.54 (in development)
 -----------------------
+
+3.1.53 - 01/29/24
+-----------------
 - The llvm version that emscripten uses was updated to 19.0.0 trunk. (#21165)
 
 3.1.52 - 01/19/24
diff --git a/emscripten-version.txt b/emscripten-version.txt
index ad19bac9500dd..eb3417a2c22ba 100644
--- a/emscripten-version.txt
+++ b/emscripten-version.txt
@@ -1 +1 @@
-3.1.53-git
+3.1.54-git