He said the law would've set dangerous precedent in allowing a state to make its own regulations for candidates.
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California Gov. Gavin Newsom signed the "Presidential Tax Transparency and Accountability Act" in July.
The OxyContin producer asked the judge to pause more than 2,600 lawsuits against the company and its owner, the Sackler family.
Under the ban, transgender people who are already serving can stay on only if they agree to serve as the gender assigned to them at birth.
The D.C. Court of Appeals filed a stay on the final injunction blocking the policy from taking effect.
An injunction temporarily blocking the military's transgender ban is at the center of a legal dispute.
Qualcomm won a battle in an ongoing war with Apple.
The Supreme Court lifted two injunctions, allowing the ban on openly transgender people serving in the military to go into effect.
But the court's decision is effectively moot because other injunctions are still in place.
A chip supplier accused Apple of infringing on its intellectual property.