diff --git a/Makefile b/Makefile
index ea8d1ba3ab03..d9d3c6a63a2f 100644
--- a/Makefile
+++ b/Makefile
@@ -335,6 +335,6 @@ proto-check-breaking:
 
 proto-update-deps:
 	@echo "Updating Protobuf dependencies"
-	@cd proto && $(DOCKER_BUF) mod update
+	@cd proto && buf mod update
 
 .PHONY: proto-all proto-gen proto-gen-any proto-swagger-gen proto-format proto-lint proto-check-breaking proto-update-deps
diff --git a/proto/buf.lock b/proto/buf.lock
index b8f8cdf4c361..51bf0d1fb60c 100644
--- a/proto/buf.lock
+++ b/proto/buf.lock
@@ -8,7 +8,7 @@ deps:
   - remote: buf.build
     owner: cosmos
     repository: cosmos-sdk
-    commit: f58e2751864342cca73c2efff4f778a4
+    commit: bcb3cdcd75cc4766b76b1ca3a998a774
   - remote: buf.build
     owner: cosmos
     repository: gogo-proto
diff --git a/proto/buf.yaml b/proto/buf.yaml
index 7ad1a040fcc3..a34e95cc9d54 100644
--- a/proto/buf.yaml
+++ b/proto/buf.yaml
@@ -1,11 +1,11 @@
-# This module represents buf.build/cosmos/cosmos-sdk
 version: v1
 name: buf.build/cosmos/ibc-go
 deps:
-  - buf.build/cosmos/cosmos-sdk
-  - buf.build/cosmos/cosmos-proto
-  - buf.build/cosmos/gogo-proto
-  - buf.build/googleapis/googleapis
+  # TODO PIN when 0.47 is tagged
+  - buf.build/cosmos/cosmos-sdk # SDK v0.47 (https://github.com/cosmos/cosmos-sdk/tree/main/proto#sdk-x-buf)
+  - buf.build/cosmos/cosmos-proto:1935555c206d4afb9e94615dfd0fad31
+  - buf.build/cosmos/gogo-proto:34d970b699f84aa382f3c29773a60836
+  - buf.build/googleapis/googleapis:783e4b5374fa488ab068d08af9658438
 breaking:
   use:
     - FILE
@@ -20,5 +20,3 @@ lint:
     - SERVICE_SUFFIX
     - PACKAGE_VERSION_SUFFIX
     - RPC_REQUEST_STANDARD_NAME
-  ignore:
-    - tendermint