diff --git a/CHANGELOG.md b/CHANGELOG.md
index f8cfbec64910..4c6044301618 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -49,6 +49,10 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 * (x/upgrade) [\#9906](https://github.com/cosmos/cosmos-sdk/pull/9906) Deprecate `UpgradeConsensusState` gRPC query since this functionality is only used for IBC, which now has its own [IBC replacement](https://github.com/cosmos/ibc-go/blob/2c880a22e9f9cc75f62b527ca94aa75ce1106001/proto/ibc/core/client/v1/query.proto#L54)
 
+### Bug Fixes
+
++ [\#9965](https://github.com/cosmos/cosmos-sdk/pull/9965) Fixed `simd version` command output to report the right release tag.
+
 ## [v0.43.0](https://github.com/cosmos/cosmos-sdk/releases/tag/v0.43.0) - 2021-08-10
 
 ### Features
diff --git a/Makefile b/Makefile
index 12fbae141aee..0f0236aa7e96 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 
 PACKAGES_NOSIMULATION=$(shell go list ./... | grep -v '/simulation')
 PACKAGES_SIMTEST=$(shell go list ./... | grep '/simulation')
-VERSION := $(shell echo $(shell git describe --always) | sed 's/^v//')
+VERSION := $(shell echo $(shell git describe --always --match "v*") | sed 's/^v//')
 TMVERSION := $(shell go list -m github.com/tendermint/tendermint | sed 's:.* ::')
 COMMIT := $(shell git log -1 --format='%H')
 LEDGER_ENABLED ?= true