Psalm 2:4 New English Translation

⁴The one enthroned^[a] in heaven laughs in disgust;^[b]
the Lord taunts^[c] them.

Psalm 2:4 tn Heb “sitting.” The Hebrew verb יָשַׁב (yashav) is here used metonymically of “sitting enthroned” (see Pss 9:7; 29:10; 55:19; 102:12; 123:1).
Psalm 2:4 tn As the next line indicates, this refers to derisive laughter. The Hebrew imperfect verbal forms in vv. 4-5 describe the action from the perspective of an eyewitness who is watching the divine response as it unfolds before his eyes.
Psalm 2:4 tn Or “scoffs at”; “derides”; “mocks.”

New English Translation (NET)