Ultimately though there are over 5000 orders for the 737MAX. The list price is $121 million. That makes the total value of the order book $600 Billion at list prices. That's roughly the market cap of Google or Apple, and the 737MAX is extremely important to the U.S. balance of trade. There is obviously going to be a political component to any big regulatory action on it.
The FAA needs to make a major course correction here, because what's even more important long-term than a single, very popular airplane to the U.S. economy is FAA's credibility as a regulator. In most countries, FAA certification means rubber-stamp certification from the local authority. As long as it is, it's a huge advantage to the U.S. aviation industry, because the FAA can write regs that are favorable to U.S. interests. This is only true though as long as the FAA is seen to have integrity.
In this case, when it comes to that, by my reading (and I'm not a lawyer or an expert), the MCAS is in violation of FAR part 25.672, and the 737MAX is not airworthy.