God Laughs and Christ Reigns Psalm 2:1-6 The LORD laughs and the Christ reigns, because: 1. The nations rage in futility (Psalm 2:1-3) a. The vain conspiracy – and victory – of the Cross. 2. The LORD has established Christ as King of kings. (Psalm 2:4-6) a. The exaltation and enthronement of Christ over all things – for the sake of His church.