diff --git a/bindings/python/CHANGELOG.rst b/bindings/python/CHANGELOG.rst
index 071e9873d..6a2c4808a 100644
--- a/bindings/python/CHANGELOG.rst
+++ b/bindings/python/CHANGELOG.rst
@@ -1,6 +1,13 @@
 Changelog
 =========
 
+Changes in Version 1.16.0
+-------------------------
+
+- Add support for text-based Queryable Encryption with the new "textPreview"
+  algorithm. NOTE: The "textPreview" algorithm is experimental only. It is
+  not intended for public use.
+
 Changes in Version 1.15.1
 -------------------------
 
diff --git a/bindings/python/pymongocrypt/version.py b/bindings/python/pymongocrypt/version.py
index fc1d1eb75..c3da1df26 100644
--- a/bindings/python/pymongocrypt/version.py
+++ b/bindings/python/pymongocrypt/version.py
@@ -12,6 +12,6 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "1.15.2.dev0"
+__version__ = "1.16.0"
 
 _MIN_LIBMONGOCRYPT_VERSION = "1.8.0"